Asking Price: $35,000 Gross Revenue: $90,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $100 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
We have a dry clean drop store for sale located in Willis Texas on the edge of Montgomery and Conroe. This drop store has been in the same location for over 15 years. Revenues at this store used to be $15k+ monthly but due to previous owners changing the same day service option, half the clientele left. Prior owners also kept changing the opening and closing times due to shortage of staff.
The current new owner bought this store May 2018 and has added same day service back and also fixed the opening and closing time back to normal dry cleaner hours. Revenue currently is between $7k-$8k monthly. Rent is only $1200 including NNN for the next 4.5 years. This is a very good rate!! It is currently profitable.
Current owners gutted the whole store and fully renovated this location in May 2018. Fresh new paint, fresh new tiles and a brand new restroom. Owners also added dry clean pro pos system and an automated conveyor.
There is lots of opportunity to grow this store especially with routes. Surrounding neighborhoods like Bentwater have median house values at $379,000.
About the Business
Harris County, Texas
Number of Employees:
At one point this location use to be much busier. At one point this store generated an average of $15k gross revenue monthly. Due to bad management and changes from previous owner, revenue started declining.
This is the only dry cleaners in the area, zero competition. Nearest competition is about 15 minutes away.
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