Located in the Mecca of HUGE Kennesaw State University!

Sale Pending

Asking Price$88,900

Cash Flow
$60,000

EBITDA$60,000

Gross Revenue$162,000

Inventory$750
Not included in asking price
FF&E$15,000
Included in asking price
Real EstateNot Disclosed

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Located in the Mecca of HUGE Kennesaw State University!


Sale Pending

Asking Price$88,900

Cash Flow
$60,000

EBITDA$60,000

Gross Revenue$162,000

Inventory$750
Not included in asking price
FF&E$15,000
Included in asking price
Real EstateNot Disclosed

Business Description
***NOW UNDER CONTRACT*** Owner seeking retirement… Grossing $162,000 per year, averaging $13,000 per mo, and located in a VERY large college town- Kennesaw, GA (near Marietta), this 6+ yr established pickup/drop-off operation can provide substantial additional monthly revenue to your existing dry clean business. Or… as an easy-to-manage standalone absentee-owner business! “Daisy Cleaners” located at 1735 Tuscan Heights Blvd Unit 100, Kennesaw, GA 30152. There is no “plant or processing operation” this is ONLY a pickup/ drop-off location, so all production for customers is outsourced off-site (dry cleaning, alterations, leather, comforters, etc) keeping this operation CLEAN and EASY. Dry Cleaning is outsourced at a reasonable 42.5% charge rate (most splits are 50/50). So for every $10,000 in dry clean work, you’re charged $4,250 to have your customer’s work processed. This business is streamlined and easy to manage since there are no production equipment- and does not need a skilled staff. That said, here are your financials to this business: Average mo sales $13,000 mo (owner/seller is elderly and not advertising or making any effort to augment sales so there is significant upside to this business)/ Lease $2,500 per mo w/ CAM for 1,400 sq ft- lease term to be extended w/ Landlord during escrow period- but there is 4 yrs remaining/ wages $0 mo (only 1 employee needed at this location at a time and is the owner)/ utilities $250 mo/ CC fees $350 mo/ cleaning fees $0 mo/ phone & Internet fees $30 mo/ maintenance fees $0 mo. Typical sales day = $550. Top sales day = $1,100. NET or EBITDA $5,000+ mo... No debt whatsoever. Open: Mon-Fri 9am-5pm, Sat 9am-3pm… Owner has owned & run 6 yrs… This is a full “business asset” sale everything within the operation conveys to the new owner. No franchise. And extremely low priced- makes this a bargain… Owner not spending a nickel on advertising- imagine the potential of implementing an online marketing program with Instagram, Facebook, etc! This is a sustainable, established business that can be dramatically expanded in operation, scale, and profit- other pickup/ drop-off locations can do upwards of $45,000+ per month, so this location needs an injection of smart marketing, online social media campaign, etc as the current owner is just living off "foot traffic" in the shopping center. The “Honey Pot” play on this purchase is catering to the thousands of students at Kennesaw State University that need dry clean AND wash ’n fold service- and this location has lots of room to expand operations and capitalize on the brisk ’n busy local market… Everything conveys- if you close Monday, Tuesday morning your cash register is rock’n. Owner will personally train you thoroughly to ensure a smooth handoff. Don’t pass this dusty gem up… BEFORE CALLING OUR OFFICE plz first complete the Contact Form; we will email back a "Buyer Info Packet" within 24 hrs. Only AFTER receipt of Buyer Info Packet do we ask you may call with questions... Cash only sale- no business loans please. Confidential appt w/ business broker ONLY please for a personal tour of business- Kindly DO NOT speak to staff… Ask for Mike at Atlanta’s #1 business brokerage firm- which has been family run & serving local business owners & buyers for 33 years… Visit our website for all contact info. Thank you.
About the Business
Years in Operation
6
Employees
0
Facilities & Assets
Owner is retiring; all assets convey lien-free...
Website
http://www.GaBusinessSales.com
Market Outlook / Competition
The is UNBELIEVABLE upside to sales. Owner is elderly and not making any effort to grow business
Opportunities for Growth
Kennesaw State University is the huge growth play on this purchase
About the Sale
Seller Motivation
Retirement; declining health
Transition Support
Owner will train to ensure smooth handoff
Financing Options
Cash only; HELOC (home equity loan). No SBA please.
Listing Info
ID
2371501
Listing Views
11610

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Business Listed by: Michael Migliore Realty Gold Team

Listing ID: 2371501 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.