Asking Price: $325,000 Gross Revenue: $500,874Cash Flow: $78,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare 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.
Since opening in 2007, this established and profitable business has enjoyed consistent, double- digit growth every year of operation, with only the benefit of word-of-mouth advertising. A full service dry cleaning and laundry services operation with the largest capacity and top-of-the-line, top rated, and well maintained machines, great expansion potential and a solid & loyal customer base, this business has everything in place to grow into this area’s premiere community dry cleaners.
This business offers a new owner not only continued growth and expansion potential, but the chance for a new, fully engaged owner to own a well established service business in an industry that will benefit from the growth in the Lake Norman and Charlotte areas for many years to come. Current ownership is absentee.
*An additional and profitable drop-off station is also available separately at additional cost.
About the Business
Charlotte, North Carolina
Number of Employees:
Building Sq. Ft.:
$6,480.00 Per Month
Both locations are in strip centers with heavy traffic, and both have great parking. Location 1 has 2,100 SF, and location 2 has 2,400 SF.
This business has 2 main competitors in the market area, and competes on the basis of price and customer service.
Growth & Expansion:
The potential growth of this business is unlimited. The 2 locations are in heavily traveled areas, and with a new, fully engaged owner, could explode! The current owners do not advertise.
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 & Conditions.