Dry Cleaner - Prime Location w/Growth Potential

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$149,000 $204,000

Services: Dry Cleaning & Laundry


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RE: Dry Cleaner - Prime Location w/Growth Potential Broker: Louis Sabbagh
Owner Financing is Available!
20000.00

Quick Facts

Asking Price: $149,000
Annual Revenue: $204,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 7
BBN Listing #: 232144107
Broker Reference #: 76931-846621

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Business Overview:

This is a gorgeous and very 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. They offer alteration, service substations and hotels in the area. There is a lot of growth potential by servicing more hotels and drop-off locations, this makes it ideal for a family operator. This business has been in the same location for twenty four years. 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 in the $210,000 - $220,000 giving a seller’s annual benefits of more than $70,000. Currently, the business is owner-operator by the original establishing owner with the of a manager who has been with the business for the last 13 years. Seller finance for qualified buyer can be considered.

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Property Features and Assets:

The business being in the same location for 24 years with currently the original owner managing the business.

Market Competition and 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

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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