Asking Price: $185,000 Gross Revenue: $300,000Cash Flow: $91,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $80,000 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.
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
Harris County, Texas
Number of Employees:
Building Sq. Ft.:
$3,100.00 Per Month
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.
SBA Preapproved: A 35-Year Money Making Dry Cleaners
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