6-Location Dry Cleaning Plant and Pick Up Stations

Not Disclosed, TX
Collin County

Dallas


Asking Price: Annual Revenue:
$1,490,000 $2,038,308

Services: Dry Cleaning & Laundry


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RE: 6-Location Dry Cleaning Plant and Pick Up Stations Broker: Moon Kim

Quick Facts

Asking Price: $1,490,000
Annual Revenue: $2,038,308
Net Profit: Not Disclosed
Cash Flow: $443,964
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 27
BBN Listing #: 140419188
Broker Reference #: 000713

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Business Overview:

Over 20-year established dry cleaning plant with five pick-up stations around Dallas and North Dallas area are now available for acquisition. The plant was first established almost two decades ago in 1997 and was later acquired in 2002 by the current owner of the business. Five other pick up stations were either established or acquired by current owner thereafter. Competition is expected for this industry for each location, but this fully-equipped dry cleaning plant and prime location pick-up stations have been well positioned in immediate market area of each location and have been successfully operated with consistent revenue being generated throughout many years of providing cleaning services. Overall demographics of the plant and pickup stations are mostly middle-class Caucasian and a well mix of other ethnic groups from nearby neighborhoods, local businesses and offices. This high volume dry cleaning plant and pick-up stations offer full service dry cleaning and laundry services as well as alteration, leather and wedding gown cleaning in which all of the work is done on the premises at the plant. Gross sales of all six locations combined have been in the range of $2 Mil to 2.2 Mil per year during the immediate past 3 years. Proactive marketing is crucial to the continued further growth of this business, and current owner is doing mainly paper ads such as paper coupons with very weak online presence. Although there are many ways to proactively market these dry cleaners, particularly online-based marketing such as social media outlets, email marketing, web-based advertisements, and online app services offered to customers will bring new set of customers and contribute to continued success the business. Tapping into wholesale dry cleaning market and home pick-up and delivery services can be also additional opportunities available for new owner. Acquisition of this business will give buyer an access to a stable and considerable cash flow business with a solid customer base built for more than 2 decades that can be further expanded to its full potential thru pro-active marketing and by tapping into new business opportunities.

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Property Features and Assets:

Each location of six locations is located in prime spots within retail strip centers where visibility as well as functionality keeps the business ahead of the competition with four locations featuring convenient drive thru. The dry cleaning plant is fully equipped with industry top of line equipment that can handle well above $2 Mil sales per year. / Inventory: $17,500 (Included in listed price).

Market Competition and Expansion:

Competition: Competition is expected for dry cleaning industry, but the every location is in an area where competition is fully established and is no longer a significant threat to each location. Growth and Expansion: Marketing is being done to some extent at the current time, mainly thru print ads such as paper coupons. Proactive marketing locally and online will greatly boost the sales as well as reaching customers within untapped areas of each location.

Reason for Selling:

Looking for other opportunities after more than 2

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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