Dry Cleaners with Low Rent

Not Disclosed, TX
Dallas County

South Dallas


Asking Price: Annual Revenue:
$300,000 $291,563

Services: Dry Cleaning & Laundry


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RE: Dry Cleaners with Low Rent Broker: Stephen Lee
License #: 567204

Quick Facts

Asking Price: $300,000
Annual Revenue: $291,563
Net Profit: Not Disclosed
Cash Flow: $109,127
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 3
BBN Listing #: 816919188
Broker Reference #: 001207

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Business Overview:

Long-established dry-cleaning plant established for over two decades is available for your acquisition. This business was originally established in 1990 and was later acquired by the current owner of the business in 2004. Located in a 1,600 Square Feet end cap space of a retail strip center, surrounded by many residential neighborhoods and busy roadways that connect to the nearest major highway. Few competitions are within the immediate market area, but some closed down after the covid-19 pandemic and the remaining competitions haven't been established in the area as long as this location. The monthly sales are on average $24,000/month with 2021 recovering a majority of the sales from the Covid-19 pandemic. Low rent for this facility allows the business to make better margins as the business grows compared to standard Dry Cleaners with much higher rent. Competition has lessened after 2020 as many of the dry cleaners in the local area have closed down and are now providing this business with steady growth in sales and customer base. Converting this plant into a pick-up station for a buyer who already has a plant can also be an option. The owner of the business works full-time operating the business. The husband does dry cleaning and pressing while the wife takes care of the front counter and alterations. The business was impacted by covid-19 but has now recovered with consistent sales. This is a perfect type of opportunity for a Buyer that has a family to grow the business and Buyers with existing dry cleaners.

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Property Features and Assets:

This business is located in a 1,600 Square Feet end cap space of a retail strip center, next to the strip center are many residential neighborhoods and busy roadways that connect to the nearest major highway. / Inventory: $1,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitions are within the immediate market area, but some closed down after the covid-19 pandemic and the remaining competitions hasn't been established in the area as long as this location. Growth and Expansion: Low rent for this facility allows the business to make better margins as the business grows compared to standard Dry Cleaners with much higher rent. Converting this plant into a pick-up station for a buyer whom already has a plant can also be an option.

Reason for Selling:

Other Opportunities.

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.

Documents:

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