Dry Cleaner - 2 plants, 1 Drop store

Houston, TX (Harris County)

Seller Financing Available
Hwy6-Front of the House
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Asking Price: Get Financing: $350,000

Cash Flow: $99,000

Gross Revenue: $480,000

EBITDA: N/A

FF&E: $225,000

Inventory: $8,000

Lease Rate: N/A /SF

Established: 2003

Dry Cleaner - 2 plants, 1 Drop store

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Business Description

Owner retiring - motivated seller

Both plant locations have established clientele and have been in business for 12-15 years.
A) Plant 1 is in ***Northwest Harris County*** and generates between $25k-$27k / month. It services three 3rd party drop stores and a number of local high schools.
B) Plant 2 is in ***Montgomery County*** near Lake Conroe's gated high end communities (such as Bentwater, April Sound, and Walden) with a 50% sales growth. One of its clients is a high end resort and spa on Lake Conroe.. Monthly sales is in the $10k-11K range. Have been able to grow sales 30-50% in past year. Lots more growth potential.
C) Drop store was established 14 months ago is in in high growth area on FM 1488 west of I-45 and on the edge of The Woodlands and Jacobs Reserve with sales of 5k and growing. Experienced and friendly staff at each location. All furniture, counters, conveyor, TV/monitors(2)are all new

*** Partner with an alterations owner that grosses $500-$700/month back to the business in alterations revenue. This can be brought in-house to preserve 100% of sales and avoid split with 3rd party.
*** Sales price includes transfer of franchise fee - no need to pay a separate fee for a well known national brand. A savings of over $100k on day 1 on top of the FF&E figure in this posting,
*** Security cameras and alarm systems have been added to all 3 locations
*** Computerized POS system to manage prices, customers, and history.in all 3 locations
*** Plants each have a Union 860 Hydrocarbon drycleaning machine and two commercial washing machines, each plant has dual conveyors and drop store has conveyor capacity for 800 locations. Equipment at both plants are same. for ease of maintenance.
*** Drop store has large office space for multi use employee meetings, training and storage.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All plant (cleaning and pressing) equipment is fulled paid for. Includes two rail equipped vans.for use in moving garments between drop stores and residential and commercial route servicing. There is a note balance on the branded 2016 Ford Connect XLT (Odometer-about 10k miles). Will deliver it free and clear with full purchase price payment.
Competition:
We provide superior quality compared to other nearby clearners, as such, have been able to slowly increase prices.
Growth & Expansion:
Opportunities exist for commercial route servicing local business (such as hotels, schools, etc.) as well as residential customer home delivery. Lockers are available from home office to incorporate into the many apartment units within a few miles of each of the 3 stores.
Support & Training:
Owner will provide two weeks support and training.
Reason for Selling:
Owner wants to retire.
Franchise:
This business is an established franchise
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Business Listed By:
S. E. Johnson

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