NOT DISCLOSED, Texas
| Asking Price |
$375,000 |
Year Established |
2015 |
|
| Annual Revenue |
$442,834 |
Reason for Selling |
Other Opportunities. |
|
| Annual P/L |
$0 |
Attention |
Joseph Kim |
|
| Annual Cash Flow |
$148,738 |
Listing Number |
1008609 |
|
| # of Employees |
5 |
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
A well-established dry cleaning plant located in the affluent northwest area of Dallas is now available for acquisition. This dry cleaner offers typical dry cleaning services, including laundry and alterations. The current owner acquired the business in 2018, and although they decided to relocate it a year ago, this move had no impact on sales. The only setback experienced by this business was during the COVID-19 pandemic, when there was a temporary slowdown in operations. However, the business has since recovered and has had consistent sales since 2021.
The business currently enjoys a prime location in a prosperous neighborhood in northwest Dallas. Situated at the end cap of a retail strip center, the business occupies a 1,800 sq. ft. facility, complete with the added convenience of a drive-thru. The customer base primarily consists of individuals and families with mid to upper incomes residing nearby. The business also maintains a single wholesale account. The immediate area boasts minimal competition, as many competitors were forced to shut down their operations due to the impact of COVID-19. Furthermore, this business maintains a dedicated and loyal customer base who frequent this well-established establishment.
Despite the challenges posed by COVID-19, this business has demonstrated remarkable resilience with consistent sales. Moreover, there is untapped potential for further growth. Acquiring more wholesale accounts and providing pickup and delivery services could serve as additional revenue streams. The business can also propel its sales to the next level by implementing a proactive marketing strategy. Currently, relying solely on word-of-mouth advertising limits its potential, but this dry cleaner can boost its revenue with minor marketing efforts.
The present owner is actively involved and manages a team of five production workers. This dry cleaning plant presents a promising opportunity for a qualified buyer with industry expertise.
Property Features and Assets:
<p>The business currently benefits from a great location in an affluent northwest Dallas neighborhood. The business occupies a 1,800 sq. ft. facility at the end cap of a retail strip center and has the added convenience of a drive-thru. The equipment is in excellent working condition. / Inventory: $6,000 (Included in listed price).<br></p>
Market Competition and Expansion:
<p>Competition: There are few competitors left in the immediate area as many competitors were forced to close during COVID-19. / Growth and Expansion: By expanding into more wholesale accounts and introducing pickup and delivery services, the business can tap into additional revenue streams. To take sales to new heights, a proactive marketing strategy is key. Relying solely on word-of-mouth advertising currently restricts its potential, but with a small investment in marketing efforts, this dry cleaner can enhance its revenue.<br><br><br></p>
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