Asking Price: $849,000 Gross Revenue: $917,466Cash Flow: $295,801 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $150,000 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 3-location dry cleaning plant and pick-up stations with another pick-up & delivery service in Central Dallas are available for acquisition. The main location was established over a decade ago in 2007 by the current owner of the business. Second location was established in 2015 and the third in 2016 that has been operating smoothly in each respective location. Their premium pick-up and delivery service is available within Central Dallas that acts as a fourth location, but these particular businesses do not have a brick and mortar location since this it's solely pick-up and delivery. Overall demographics of all dry cleaners is a well mix of middle-class and upper-class Caucasian individuals that live in the surrounding densely populated residential areas within each business location as well as the luxury apartment complexes in the Central Dallas location. Sales of all locations combined have been consistent throughout the last several years without any proactive market in place other than word of mouth. Proactive marketing is extremely crucial to growing these businesses as the market for the pick-up and delivery service is insurmountable as the luxury apartments has much more luxury real estate that surrounds their location. There are many ways to proactively market these businesses such as direct mailing, social media outlets, website, door hangers, drop-off area, full-time owner involvement and hiring more delivery and pick-up staff. Having additional staff to accommodate for the large residential area in Central Dallas will help increase the amount of customers throughout a wide area and increase the general revenue. Owner involvement is very important as well since the owner will be able to control the quality of the services and cut payroll expenses on management. These dry cleaner and pick-up stations has everything already in place for a potential buyer to proactively market these businesses while being fully involved in the day-to-day business operations.
Listing ID #000628
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
Each location has high quality up-to-date equipment that has been immaculately maintained and prime spots where visibility as well as functionality keeps the business ahead of the competition.
Few competitors are within the immediate market area of each location, but competition isn't something to be avoided as each location has top-notch placement within their respective area that house may repeat customers with large amounts of disposable income.
Growth & Expansion:
There is no proactive marketing done at the current time. Proactive marketing locally and online will greatly boost the sales as well as reaching customers within untapped areas of each location.
Eco Dry Cleaning Plant with 2 Pick Up Stations & Pick Up
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