Drop Store with Great Location

Broward County, FL

Drop Store with Great Location
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Asking Price: $120,000

Cash Flow: $14,955

Gross Revenue: $115,144

EBITDA: N/A

FF&E: $55,500

Inventory: N/A

Established: 2013

Drop Store with Great Location

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Business Description

Known franchise in dry cleaning. Excellent location in the Fort Lauderdale area. The seller owns a plant and is willing to establish a convenient agreement with the Buyer of the Drop store to process their clothing. Seller has no time to dedicate to the development of the business, so he decided to sell it. The franchise has a system for pick up and drop-off 24/7. A dedicated owner should be able to increase the business. A new store would cost $195k to set up. Royalties are 6% plus 1% advertising. Financials assume an owner operator.

Detailed Information

Location:
Broward County, FL
Employees:
1 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The drop store is located in the commercial are of an apartment building.
Competition:
This franchise uses green solvents, and bio-gradable bags. They have a automatic drop off box that allow clients to pick up and deposit clothing 24/7, they do hand ironing. There are a couple of dry cleaners in the area.
Growth & Expansion:
A dedicated owner and extra effort in advertising should allow the business to grow.
Support & Training:
Will train for 1 week @ $0 cost. The company collects clothing and sends it to a plant to be cleaned. Once the clothing is received the costumers go to the store to pick it up. No specific skills needed, marketing knowledge is a plus and costumer service as well.
Reason for Selling:
No time to dedicate and develop the drop store.
Franchise:
This business is an established franchise
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Andy Fischer

Business Listed By:
Andy Fischer

Murphy Business & Financial Corporation

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