Dry Cleaners Near Sugar Land-Under Contract
Sugar Land, TX Fort Bend County
Seller's Contact Information
- RE: Dry Cleaners Near Sugar Land-Under Contract
- Contact: Quoc Pham
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $324,444 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $84,408 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 5 | |
| BBN Listing #: | 83944107 | |
| Broker Reference #: | 76931-748360 |
Business Overview:
*This listing is currently under contract.
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-748360
This dry clean business was established over 13 years ago and is located in the heart of Missouri City on the outskirts of Sugar Land. The current owner bought this business in 2022 and has been running the business semi-absentee while still maintaining his corporate position. Situations have changed and the owner has bought another business out of state and has also relocated closer to the new business. With that being said, it is tougher to run this business while being out of state so he is selling.
This location has always prided itself on being the best priced cleaners in the area but also maintaining the best quality compared with cleaners in the area.
Since the pandemic, sales have slowly bounced back and this store averages about $25,000 a month in gross sales.
In 2021, before selling the store, the previous owners replaced the boiler with a refurbished Fulton boiler which is in great condition. The laundry shirt press was also replaced in 2021 with a refurbished unit in very good condition.
This business has been very well maintained and still has lots of potential for growth for the right operator.
There is huge opportunity to grow revenue and profits by expanding and adding routes and drop stores to the surrounding area. Sugarland is a very affluent community located only 10 miles away, allowing for great market expansion opportunity.
The business is currently being run semi-absentee. Operationally, the business runs on its own. For a full time owner-operator, seller’s discretionary earnings will be an estimated $80,000 or more a year.
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Property Features and Assets:
Monthly Rent: $4,780.00 Square Units (Foot, Meter): 3,200 Lease Expiration Date: June 30, 2023, 10:00:00 PM Terms Options: 5 year option
Reason for Selling:
Moved out of state
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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