Dry Cleaning Plant or Pick Up Station with Real Esate

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Asking Price:
$135,000

Gross Revenue:
$250,000
Cash Flow:
$75,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$85,000
included in asking price

Real Estate:
$50,000
not included in asking price

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Business Description

Prime location Dry Cleaner plant operated over 100 years in historic downtown of this city is available for acquisition including real estate. This business was established over 100 years ago in 1910 by the previous owner and acquired by the current owner over 35 years ago in 1980. This 8,000 SF space of freestanding building fully-equipped dry cleaner is located in the heart of city's old downtown that is next to a heavy traffic intersection and residential neighborhoods and provides a full service dry cleaning and laundry services and also provides pick up & delivery services as well as wedding gowns preservation, leather cleaning, and fire restoration cleaning services. Most of customers are coming from the nearby businesses or offices and the surrounding residential areas. The demographic of customers are predominantly low to middle-class Caucasian workers who work nearby the business and well mix of Blue and White-collar workers. Competition is expected for this industry but there are only 3-4 direct competitions in the entire city and none in the immediate market area. The consistency of this business operating in the area for over 35 years has solidified their customer base as well as their sales, and proactive marketing will make huge improvement on the current foundation placed for this business. Current year gross sales are running at $25K a month without any marketing except for thru word of mouth. It will be more profitable if you can convert this into pick-up station in the result of reducing all the labor cost in the production line. There are many ways to proactively market this business such as direct mailing, bundle deals, social media outlets, limo service, wholesale contracts with other pick-up stations and creation of a business website. Renovation and remodeling of the business are needed as the exterior and interior need more modernized look to attract new set of customers. This dry cleaner plant with real estate is priced to sell for an astonishingly low price at 135K and can be converted into pick-up station by dry cleaning plant owner which will in result generate more profit by cutting out all production cost.

Listing ID #000824
For more info, please call Moon Kim at 1-866-519-2421.

About the Business

Location:
Collin County, Texas
Year Established:
1910
Number of Employees:
2PT
Real Estate:
Owned
Building Sq. Ft.:
5,474
Facilities:
This 8,000 SF space of freestanding building fully-equipped dry cleaner is located in the heart of city's old downtown that is next to a heavy traffic intersection and residential neighborhoods.
Market Outlook/
Competition:
There are no competitors within the immediate market area and there are only 3-4 dry cleaners in the city.
Growth & Expansion:
There is currently no marketing being done by current owner, and proactive marketing methods need to be utilized in order to keep the business to continue to grow in sales and new customer acquisition. This business is ideal for plant owner who can convert this into a pick-up station.
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About the Sale

Reason For Selling:
Looking for other opportunities after over 35 years of involving in day to day o
Training/Support:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Seller Financing:
100% cash at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1634284
Ad Detail Views:
0

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Collin County, TX
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Collin County, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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