Asking Price: $695,000 Gross Revenue: $600,000Cash Flow: $250,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $650,000 not 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.
Boyd & Associates are pleased to offer this exceptional opportunity to purchase the Glam-O-Rama Dry Cleaner and Coin Laundry in downtown Smithfield, NC. This business, which is producing a net operating profit of $250K +. has a main plant with Drive-Through, and a drop-off satellite location. Fully equipped with equipment in very good condition, the business has a total sales of approximately $600K/year and has been established in this location for many years, producing a loyal following of customers. The business maintains a ***** yelp rating.
Additionally, the LAND and BUILDING are available separate from the business for $650K allowing the owner/operator to actually own the building. If buyer does not wish to purchase Land & Building, the facility may be leased with reasonable rent rate. Business sale does include delivery van.
This is a very strong business, attractively priced with ability to own the land and building.
Call broker for more detail.
About the Business
Smithfield, North Carolina
Number of Employees:
Building Sq. Ft.:
Full Dry Cleaning plant, Coin operated laundry, drive through, and satellite pickup station 2 miles away
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
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