17 Yr Established Dry Cleaning Pick Up Station

Dallas, TX (Collin County)

17 Yr Established Dry Cleaning Pick Up Station
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Asking Price: Get Financing: $109,000

Cash Flow: $40,474

Gross Revenue: $239,566

EBITDA: N/A

FF&E: $10,000

Inventory: $2,000

Lease Rate: N/A /SF

Established: 2001

17 Yr Established Dry Cleaning Pick Up Station

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Business Description

Prime location full-service dry cleaning pick-up station placed in the epicenter of North Dallas is available for acquisition. This business was first established over a decade ago in the early 2000s at 2001 and was later acquired by the current owner of the business in 2003. Most of the customers are upper-class Caucasian individuals that reside in the densely populated residential neighborhoods that surround this area as well as numerous professionals from the office buildings. Net sales average $20,000-21,000/month that has been consistent through the decade of operation through many referrals and word of mouth. There hasn't been any marketing since inception of the business, but other proactive marketing tactics needs to be utilized if this business is to grow in sales and reach potential customers in the untapped areas of this city. Competition can be expected for any dry cleaning business, but the competitor that is within the area lacks in quality customer service as well as not establishing itself within the community to build a solid customer base. There are many ways to proactively market this business such as direct mailing, bundle deals, social media outlets, limo service, wholesale contracts with commercial businesses and creation of a business website. Additionally, the consistency of this business operating in the area for over a decade has solidified their customer base as well as their sales and proactive marketing will improve on the current foundation placed for this business. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000606
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 1,100 SF retail strip center placed in the epicenter of North Dallas surrounded by numerous retail businesses and high end housing subdivisions.
Competition:
One competitor is within the immediate market area, but the competitor lacks in quality customer service and doesn't affect the sales of this business due to extremely high population in the area.
Growth & Expansion:
There is no proactive marketing done currently, but proactive marketing needs to be utilized to generate more cash flow and acquire new customers.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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