Asking Price: $185,000 Gross Revenue: $349,651Cash Flow: $71,488 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 not included in asking priceFF&E: $75,000 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.
Very well established eco-friendly dry cleaners plant with pick-up station in SW Dallas is now for acquisition. This dry cleaner plant and pickup was established in 30 and 20 years respectively and the current owner acquired them in 2017. There is one competitor in the immediate market area, but this business provides less expensive price than the competitor. Both locations are anchored by national supermarket and discount store next to a highway and on the intersection of two busy roads in the area. Overall demographics of the cleaners and pickup station are well mix of middle class Caucasian and African American individuals and family that live in the surrounding densely populated residential areas within each business location. Gross sales average for the plant is $23,000/month and the pickup location is $6,000/month that has been consistent throughout the last several years of operation without any proactive marketing. Proactive marketing will help increase sales as the current owners are doing minimal to none with marketing. There are many ways to proactively market these businesses such as direct mailing, social media outlets, website, drop-off area, and incorporating pick up and drop off services. Placing a manager in place of the owner will be also beneficial to the business as they will be able to better communicate with the customers and retain good relationships with them while the owner will be able to focus on back of the business and keeping the quality of the work consistent. This business has everything in place for a potential buyer to increase sales by proactively marketing this business while being fully involved in the day-to-day operations.
Listing ID #000772
For more info, please call Kevin Chung at 1-866-519-2421.
About the Business
Number of Employees:
Plant is located in a 2,150 SF retail strip center and pick-up station is placed in 1,604 SF strip center and both are anchored by a high-end nationwide retail and grocery chain in an area of heavy traffic and walking pedestrians. All equipment is in good condition and in working order. The plant features a convenient drive thru.
There are two competitors in the immediate market area, but one of them is soon to be closed and this business offers pay after garments are ready to pick up compared to required pre-pay for the other location.
Growth & Expansion:
Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential. The business is still using the old cash register and by upgrading to the POS system, the business will be run much more effectively and smoothly in terms of keeping up with the sales, customers, and overall drop off/pick up process.
Eco Friendly Dry Cleaning Plant with Drive Thru and Pick Up-Station
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