15 Year Established Dry Cleaning Pick Up Station #000267

Dallas, TX (Dallas County)

Seller Financing Available
15 Year Established Dry Cleaning Pick Up Station #000267

Asking Price:$295,000

Cash Flow:$150,000

Gross Revenue:$350,000

EBITDA:N/A

FF&E:$70,000

Inventory:$1,500

Established:2000

15 Year Established Dry Cleaning Pick Up Station #000267

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Business Description

15 year established Dry Cleaner located in Dallas County is now available for acquisition. This dry cleaner has a very strong presence in the local community since the establishment in 2000. The current owner acquired the business in 2014 and sales have stayed consistent throughout the years of operation. Owner is at the operation on a minimal basis to oversee the business an estimated 10 hours a week. One competitor lies within the immediate market area, but both dry cleaners have already established itself within the local area and have a set customer base. A Tuesday Special has been provided since the first establishment of the operation and is now the busiest day weekly. Sales can be greatly increased with more proactive marketing such as local community involvement, wholesale cleaning, Valpak, and routing services. Current sales trend shows $29,000-30,000/month in net sales. The plant is fully equipped with dry cleaning and laundry equipment except for laundry shirt unit. Also with an addition of a 24 hour drop-off service along with the current drive thru will help increase sales immensely. This operation provides full service dry cleaning, laundry, alterations, leather, wedding gowns, and cleaning services offered to high customer demand. This is a business with high potential for growth and with consistent sales from the foundation of loyal customers.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
3FT/2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Most equipment in impeccable condition including the Hydrocarbon dry cleaning machine. At the moment, no shirt unit is present in the cleaner, but since average laundered shirts being processed daily are only about 110 plus laundered shirts are all low profit margin garment, it seems unnecessary to make any capital investment in complete shirt press unit but better to continue to outsource the shirts to another plant just like how the current owner does. Buying a used shirt press unit is another option, though if new owner wants all laundered shirts to be done on the premises.
Competition:
One direct competitor within the immediate market area, but use of hydrocarbon machines at this operation makes it equal in sales to the competitor.
Growth & Expansion:
No marketing is in place except Tuesday Special which lowers the price of all dry cleaning services by a small portion. Unlike most dry cleaners, this operation is the busiest on Tuesday from the well-known deal this business practiced since the establishment. Proactive marketing can go long ways down to increase overall sales immensely.
Financing:
100% down at the time of closing or 50% cash down with owner financing for qualified
Support & Training:
Owner will provide necessary training to provide a smooth transition into the business operations.
Reason for Selling:
Family Reasons.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

V-AID Group, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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