Constant Growth & Profit thru one retail counter operation

Vienna, VA (Fairfax County)

Constant Growth & Profit thru one retail counter operation
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Asking Price: $600,000

Cash Flow: $298,962

Gross Revenue: $745,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 1970

Constant Growth & Profit thru one retail counter operation

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Business Description

You can be the CLEANER for Growing Tyson's Corner & Vienna!

High Volume Growing Quality Cleaner
• $745,000 sales: Running Y-E 8-19 One Store (w/o Route or PU), all Retail
• Rolling Y-E Sales (9-1-19 to 8-31-2019) up $33,700 over last yr (2018) Sales
• Year-to-Date Sales (1-1 to 8-31-2019) up 6 2/3% same period in 2018
• Located 10 minutes from exponentially growing Mega City, Tyson’s Corner
• Strong access to N-S-E-W Distribution for Expansion
• Unlimited Buyer growth potential in booming market
• Motivated Owner with SBA Finance avail for Qualified Buyer
• Experienced Quality Retail & Production Staff in-place
• Surplus Production Capacity, Distribution & Storage space
• Outstanding Retail Appearance (Inside & Outside)
• Great local demographics: Income, Growth, Density
• Very well run operation by experienced Owner-Operator
• In Prime strip center with Strong Tenant Mix & Promotion
• Local Consumer Choice/Highly rated by Consumer Pub.

Detailed Information

Location:
Vienna, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
N/A
Employees:
10
Facilities:
This Quality Drycleaner has an outstanding reputation gained over many decades of offering quality high end services to their Vienna-Tyson’s Corner clientele. They are highly rated by the regional Consumer Magazine & the local citizen's choice. The spacious Drycleaning, Laundry & Wet-Cleaning plant is located in an attractive, well managed shopping center with a strong tenant mix, with plenty of parking. All of the machinery has been maintained with the owner’s preventive maintenance program and top level professional mechanics. Business currently has surplus production capability and space available to increase volume by another 30% (with existing equipment) and more with some changes.
Competition:
According to the current Washington Consumer Checkbook Magazine Drycleaners study for this market area, this Quality Drycleaning, Laundry, Wet-Cleaning, and Tailoring & Alterations specialist has extremely limited competition in the Vienna-Tyson’s Corner market area able to provide equivalent services, with anywhere near their well-earned reputation for Quality and Service! The business is positioned to take advantage of the unbelievable expansion in process in its Vienna & Tyson's Corner prime trade area. The growth of this business can be maximized by a new ownership ready & willing to take on this opportunity!
Growth & Expansion:
The prime market area has excellent income, density and growth demographics. It is served by two Metro Subway stations (Silver & Yellow lines). The business has excellent access to North-South-East-West Distribution patterns for routes, accounts and drop stores through shop’s access to I-66 and 495. This business opportunity is a rare chance for a quality oriented professional to acquire a very unusual and unique industry gem that will grow and prosper due to the Mega City growth of Tyson’s Corner, which is only 10 minutes away. The owner and consultant/broker will coach the new buyer on how to greatly expand this business based on “best practices”!
Financing:
SBA and Commercial Banking contacts available.
Support & Training:
Owner has sold 8 drycleaners over his long career and will bring about a seamless transition! Excellent comprehensive training is available locally at the Drycleaning & Laundry Institute, plus by the Owner and/or Consultants. The business is profitable as it is but it be increased by expanding the successful base operation with route delivery and other methods that will be address after a Non-Disclosure Agreement has been received.
Reason for Selling:
Retiring sellers want to travel & spend time with their Grandchildren & Family.
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(from currently available funds)
 
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Richard Ehrenreich, F-CBI, CED, SBA

Business Listed By:
Richard Ehrenreich

Ehrenreich & Associates LLC

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