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- RE: Profitable Dry Cleaners With Real Estate
- Contact: Wayne Blease
Quick Facts
Asking Price: | $795,000 | |
Annual Revenue: | $527,544 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $244,287 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 10 | |
BBN Listing #: | 891644107 | |
Broker Reference #: | 76931-182558 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-182558
Up for sale is an opportunity to acquire a dry cleaner located in northeast Houston. This dry cleaner has been established for over 20 years and has always been a profitable business.
This is a full-service plant which utilizes the more environmentally friendly chemical in their dry-cleaning process. The plant is equipped with a Union hydrocarbon dry cleaning machine. All equipment has been well-maintained and is in good working condition. The front counter is also equipped with new computers and a new state of the art point of sale systems.
Sales for this business were not as affected by COVID-19 and the shutdown of the city of Houston, compared to most other dry cleaners throughout the city. On an additional positive note, for the past several months and over 2 years, the sales revenues at this location has been consistently growing. While business is currently generating excellent sales and profits, there is ample equipment and space to handle an additional 50% more business.
As an owner-operator, a buyer can expect to generate discretionary earnings of well over $150k annually with ample opportunities to increase earning potential further by adding more drop stores or wholesale contracts.
Note: Real estate is included in this sales price valued at $400,000.
Note: If you’re interested in purchasing without the real estate, seller is offering a lease with monthly rent starting at $5,000.00 a month. This includes base rent and NNN.
**Buyers purchasing the real estate and business together will be prioritized.
**CASH FLOW: With the purchase of the business and the real estate together and not having to include the lease expense then the annualized estimated cash flow is $224,287.66!
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Reason for Selling:
Purchase business closer to home.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Texas businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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