Asking Price: $285,000 Gross Revenue: $438,160Cash Flow: $62,078 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $250,000 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.
Family owned and operated Dry Cleaner in a high traffic area. Cleaner has two locations and offers dry cleaning, shirt laundry, alterations, fluff and fold laundry, VIP service to 6 local hotels, and leather care. Company is a well known dry cleaning provider in the area with a very good web presence.
Revenue has nearly doubled from 2015 to 2018 growing by 82%. Adjusted earnings have also shown significant growth going from a loss in 2015 of $32k to a profit of $62k in 2018. Along with the business comes a high quality line of equipment valued at $200k - $250k. Drop location of the business drives 35% of total revenue while the main location is in a highly trafficked area of over a half a million drivers per day.
Profitable Dry Cleaner - Plant and Drop Ship Location
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