Seller's Contact Information
- RE: Eco-Friendly Dry Cleaning Plant
- Contact: Moon Kim
- License #: 567204
Quick Facts
| Asking Price: | $329,000 | |
| Annual Revenue: | $414,609 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $168,967 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 3 | |
| BBN Listing #: | 982519188 | |
| Broker Reference #: | 001144 |
Business Overview:
Looking to buy a laundry business? Consider purchasing a reputable dry cleaning facility boasting over two decades of experience in the industry. This fully-equipped establishment offers a range of services, including dry cleaning, laundry, washing, folding, alterations, and even leather repair. Located in a bustling North Dallas retail strip center, this business enjoys prime placement between a major highway and popular points of interest, such as a prestigious mall, a megachurch, several major franchise restaurants, and numerous supermarkets. This allows for a constant flow of foot traffic, boosting customer numbers and brand recognition.
Despite the competition from nearby dry cleaners, which operate only as pick-up stations, this establishment has the upper hand, with its fully-functioning facilities providing practicality and punctuality. With sales recovering from Covid-19, this business currently enjoys an average monthly turnover of $33,000 to $35,000 in 2023. Its prime location attracts a diverse customer base, including middle to upper-class Caucasian individuals, as well as other minority groups from similar social backgrounds.
The interior of the establishment is clean, modern, and functional, with no wasted space. Visitors are greeted by a front desk, a dressing room, and clear glass panes showcasing racks full of clean, ready-to-go garments. The back portion houses an array of state-of-the-art machinery, used for the various services offered, all of which are impeccably maintained, ensuring optimal performance. A new owner can enjoy the benefits of upgraded equipment, including a Unipress Double Buck Shirt Unit and Fulton Boiler, offering superior service and results.
Investing in this thriving business not only offers a chance for financial success but also allows for a sense of pride in owning a reputable establishment with a loyal customer base and a proven track record of success.
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Property Features and Assets:
This establishment occupies a 2,100 Square Feet space of a retail strip center in a North Dallas suburb. / Inventory: $10,000 (Not Included in listed price).
Market Competition and Expansion:
Competition: Situated in a thriving location, this dry cleaning facility faces competition from other local cleaners that only function as pick-up stations. However, this establishment offers a distinct advantage over its competitors by operating as a fully functioning facility, providing services in-house. This significantly appeals to clients who prioritize practicality and punctuality. Additionally, the facility is equipped with modern equipment and employs skilled professionals to handle all types of garments with care. The combination of its ideal location, in-house services, modern equipment, and skilled personnel makes this dry cleaning establishment the preferred choice for discerning clients seeking quality service and convenience. Growth and Expansion: Currently, this is an establishment that lacks both a website and any form of marketing. It is imperative that the business develops an internet presence to target a younger demographic and expand its customer base. The current clientele primarily consists of older Caucasians who learned about the business through word-of-mouth. By establishing an online presence, the business could potentially attract a clientele from diverse backgrounds and cultures. Moreover, the new business owner has the opportunity to boost cash flow by implementing delivery services. It is an effective approach to not only increase revenue but also cater to the needs of the busy and on-the-go consumers. In sum, investing in online marketing and delivery services will require effort, but it will pay off by enabling the establishment to reach a wider audience.
Reason for Selling:
The current owner is looking to retire.
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
Documents:
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