Well Established Dry Cleaner - Prime Location w/Growth Potential

Harris County, TX

Well Established Dry Cleaner - Prime Location w/Growth Potential
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Asking Price: $198,000

Cash Flow: $65,000

Gross Revenue: $210,000

EBITDA: N/A

FF&E: $90,000

Inventory: N/A

Rent: $4,975 /Month

Established: 1995

Well Established Dry Cleaner - Prime Location w/Growth Potential

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Business Description

Excellent Cleaners. Newly Reduced Lease. Great Deal for Any Buyer

This is a gorgeous and very well run Dry Cleaning Business located close to the feeder of the newly expanded Northwest Freeway in a very busy commercial area with several anchor stores. They offer alteration, service substations and hotels in the area. There is a lot of growth potential by servicing more hotels and drop-off locations, this makes it ideal for a family operator. This business has been in the same location for twenty four years. Business has been steady over the last five years in spite of the 290 construction work. With the completion of 290 works business started picking up. Annual sales are in the $210K-$220K giving a seller’s annual benefits of more than $70K. Currently, the business is owner-operator by the original establishing owner with the of a manager who has been with the business for the last 13 years. Seller finance for qualified buyer can be considered.

Detailed Information

Location:
Harris County, TX
Real Estate:
Leased
Building SF:
2,450
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business being in the same location for 24 years with currently the original owner managing the business.
Growth & Expansion:
With the completion of the 290 construction the business is projected to increase. Also, contracting more accounts like hotels or substations present another growth opportunity
Support & Training:
12 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Lou Sabbagh

Business Listed By:
Lou Sabbagh

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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