Established Pick-Up Station

Not Disclosed, TX
Dallas County

Northwest Dallas


Asking Price: Annual Revenue:
$35,000 $80,000

Services: Dry Cleaning & Laundry


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RE: Established Pick-Up Station Broker: Kevin Chung

Quick Facts

Asking Price: $35,000
Annual Revenue: $80,000
Net Profit: Not Disclosed
Cash Flow: $15,000
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: Not Disclosed
BBN Listing #: 21019188
Broker Reference #: 000978

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Business Overview:

20+ years established prime location full-service dry cleaning pick-up station in Northwest Dallas is available for acquisition. This business was acquired by the current owner in 2001 and has been established many years before the acquisition. This business had been operating as a full plant for the last 15 years and converted to a pick-up station in 2018. This business is in a 975 Square Feet space of retail strip center is located next to an intersection with heavy traffic and is surrounded by luxury apartments, upper-class gated community neighborhoods, hotels, and many corporate offices. The overall sales have decreased quite a bit after one of the nearby corporate offices has relocated approximately 5 years ago due to its parking garage collapsing unexpectedly. Current monthly sales are $7,000/month and have been consistent last few years without any marketing whatsoever and solid repeat and regular customers. The majority of the customers are upper-income individuals with a lot of disposable income from a very affluent gated community residential neighborhood, high-end apartments, and corporate offices. Due to the owner's age, they have not been proactive in marketing at all and there is no marketing or advertising in place whatsoever other than regular customers that have been coming for years and years. All marketing tactics need to be utilized to further grow the overall sales including all online and social media outlets, direct mailing with flyers and coupons, offering pick up and drop off service, and reaching out to many corporate offices and medical offices wash and fold. Also, the current owners using an outdated cash register and by upgrading to POS will allow the business to enhance customer service and keep track of all customers. This is a great opportunity for a buyer who already owns a plant to expand their business into this prime location with low rent and a lot of potential by implementing more proactive marketing efforts.

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Property Features and Assets:

This business located in 975 Square Feet space of retail strip center is next to a busy intersection that is heavily surrounded by high-end apartments, houses, hotels, corporate offices, medical offices, and an event center. / Inventory: $1,500 (Included in listed price).

Market Competition and Expansion:

Competition: There are few competitions in the immediate area, but since this business has been operated by the same owner for almost 20 years, the customer base is established with regular customers. Growth and Expansion: No marketing is done at the current moment except through word of mouth, but more proactive marketing methods need to be utilized in order to keep the business to continue to grow in sales and to acquire new customers.

Reason for Selling:

Retirement

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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