Asking Price: $85,000 Gross Revenue: $250,000Cash Flow: $60,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $85,000 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.
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 #000821
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Grayson County, Texas
Number of Employees:
This 5,474 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.
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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