SBA Preapproved: 35-Year Money Making Dry Cleaners

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$185,000 $300,000

Services: Dry Cleaning & Laundry


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RE: SBA Preapproved: 35-Year Money Making Dry Cleaners Broker: Louis Sabbagh
Owner Financing is Available!

Quick Facts

Asking Price: $185,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $91,000
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 6
BBN Listing #: 246444107
Broker Reference #: 76931-916875

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Business Overview:

If you are looking for image and beauty this business is not for you. But, if your objective is making money, lots of it, continue reading. This business has been in the same location southwest of Houston for 35 years, the current owner acquired the business in 2014 after the founding owners retired. They have a satellite substation in an upscale part of the city. They also have contracts with four other satellite locations. The sale price includes the main location, the substation, and the contracted satellite locations. Sales dropped in late 2017 and early part of 2018 due to hurricane Harvey but it has been steadily going up and made good recovery in late 2018. The average annual total revenue is close to $300,000 per year with owners benefits ranging from $80,000 to $100,000 per year. This is projected to increase in 2019. The business is currently run by the owner and is offered below market value.

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Property Features and Assets:

Established in the same location in 1985 and was acquired from the founders by the current owners in 2014.

Market Competition and Expansion:

Adding substations, new satellite drop-off locations, hotels, etc. Advertising campaign and internet presence will increase business.

Reason for Selling:

Moving

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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