Asking Price: $1,700,000 Gross Revenue: $2,124,498Cash Flow: $426,189 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: Not Disclosed 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.
This profitable dry cleaning plant has been successfully running for 30+ years located in prime area cities. This business has been built for growth with a central dry cleaning plant and three retail locations serving as the hub and spokes model. Retail locations, lockers and pick up services are the channels that drive demand for the central plant. The current plant utilization is currently at 60% so there is an opportunity for the new owner to increase cashflow by driving sales
The business owns high tech lockers installed in luxury apartments and other high traffic locations allow customers to self-service (drop-off and pick up) through an app.
This business also has partnership with boutique hotels and apartments for pick up and delivery service. Drivers have dedicated routes for pick and delivery with 7 vans included for sale.
This business comes fully equipped with Dry cleaning machines, boilers, air compressors, water heaters, sewing, hemming machines and 7 delivery and pick up vans with total tangible asset value of $950K.
This is an excellent opportunity for a buyer to own a well-established business. This business currently does not service dry cleaning for other dry cleaning companies to ensure quality service by maintaining direct relationship with it's customers
Profitable Dry Cleaning Business, Built for Growth
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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
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