SBA Preapproved: A 35-Year Money Making Dry Cleaners

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Asking Price:
$185,000

Gross Revenue:
$300,000
Cash Flow:
$91,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$80,000
included in asking price

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Business Description

If you are looking for image and beauty this business is not for you. But, if your objective is making money, lots of it, continue reading. This business has been in the same location southwest of Houston for 35 years, the current owner acquired the business in 2014 after the founding owners retired. They have a satellite substation in an upscale part of the city. They also have contracts with four other satellite locations. The sale price includes the main location, the substation, and the contracted satellite locations. Sales dropped in late 2017 and early part of 2018 due to hurricane Harvey but it has been steadily going up and made good recovery in late 2018. The average annual total revenue is close to $300K per year with owners benefits ranging from $80K to $100K per year. This is projected to increase in 2019. The business is currently run by the owner and is offered below market value.

About the Business

Location:
Harris County, Texas
Year Established:
1985
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
2,800
Rent:
$3,100.00 Per Month
Facilities:
Established in the same location in 1985 and was acquired from the founders by the current owners in 2014.
Growth & Expansion:
Adding substations, new satellite drop-off locations, hotels, etc. Advertising campaign and internet presence will increase business.
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About the Sale

Reason For Selling:
moving
Training/Support:
2 weeks

Listing Info

ID:
1612514
Ad Detail Views:
0

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Business Listed by

Lou Sabbagh

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors


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