Dry Cleaner in South Houston Area - Est. 26 Yrs!

Houston, TX (Harris County)

Dry Cleaner in South Houston Area - Est. 26 Yrs!
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Asking Price: $220,000

Cash Flow: $135,216

Gross Revenue: $282,000

EBITDA: N/A

FF&E: $8,800

Inventory: N/A

Established: 1992

Dry Cleaner in South Houston Area - Est. 26 Yrs!

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Business Description

Drycleaner located in Nasa area surrounded by many office, residential and commercial areas. A husband/wife team have owned and managed this business for 21 years and have now decided to retire. This cleaner does not have a plant -- it subs out the actual cleaning to a nearby plant. Approximately 35% of the revenue is from in-store drop-off by customers and 65% is from pick-up and delivery to residential (80%) and commercial (20%) customers within a 5 -7 mile radius. The charge for pick-up and delivery is normally 10% -15% higher than the drop-off price. Owner works only about 5 hours/day for 3 days/week doing pick-up and delivery. New owner could substantially increase revenue by doing pick-up and delivery 5 days/week. Owner also spends about 1 hr/day taking clothes between the store and the plant which are only 5 miles apart. One full-time employee works 40 hrs/week manning the shop. Owner’s spouse works the shop during the hours the full-time employee is off. The revenue is split 70% for the shop and 30% for the plant. Alterations are also offered with some minor work done inside the shop and other jobs sent out with a split of 65% for the shop and 35% for the alteration provider. This is a full price cleaner: dresses cost about $6.25, blouses $3.99, pants $3.60, 2-piece suits $7.50, shirts $3.50. About 90% of the payments are by credit cards and checks. Strong customer base keeps returning due to excellent customer service maintained over many years. Seller will stay to work with new buyer (if desired) for few months to ensure a smooth transition and allow the buyer to get to know the pick-up and delivery customers. Very profitable shop! Great area! Good business for family to run and manage. Please refer to CBB Listing #8152

Attached Documents


Detailed Information

Employees:
1ft
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
600sf facility in shopping center
Growth & Expansion:
Advertising. Home pick-up &delivery (increase to 5 days - currently 3 days)
Support & Training:
Seller will train
Reason for Selling:
Retiring after 21 years in business
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

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