Dry Cleaners Offered at a 37% Discount of Fair Market Price

Houston, TX (Harris County)

Dry Cleaners Offered at a 37% Discount of Fair Market Price
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Asking Price: $145,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $90,000

Inventory: N/A

Rent: $6,950 /Month

Established: 1995

Dry Cleaners Offered at a 37% Discount of Fair Market Price

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Business Description

This is a gorgeous and well run Dry Cleaning Business located close to the feeder of the newly expanded Northwest Freeway in a very busy commercial area with several anchor stores. This business is offered at a highly discounted fair market price (37% discount to fair market price). They offer alteration, service three substation, and three hotels in the area. Business has been steady over the last five years in spite of the 290 construction work. With the completion of 290 works business started picking up. Annual sales are over quarter of a million with seller’s benefits greater than $65K. Currently, the business is owner operator; however it can easily be absentee owner due to the presence of a manager in place who has been with the business for 13 years. If you are interested in a money making dry cleaning business don't let this opportunity go by.

Detailed Information

Real Estate:
Leased
Building SF:
2,450
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business being in the same location for 24 years and with the current owner for 5 years
Growth & Expansion:
With the completion of the 290 construction the business is projected to increase. Also, contracting more accounts like hotels or substations present another growth opportunity
Support & Training:
2 weeks
Reason for Selling:
other interests
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Contact the Seller

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Lou Sabbagh

Business Listed By:
Lou Sabbagh

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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