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6 Figure Cash Flow Dry Cleaners & Laundromat
Location: United States -> Arkansas
Industry: Business Services > Laundry




Business Summary

* This high-end, hands-on specialty cleaners provides a unique opportunity to own a dry cleaners AND a coin-operated laundromat.
* This business has been in operation since 1969, and is one of the oldest businesses in the area. 2013-2015 CASH FLOW AVERAGED $98,516! The Four Year Cash Flow (2014-2017) is $78,147!
* Despite the decline, there is a history of high cash flows and bigger revenues. Current decline is due to owner-s health and time spent at the business.
* Business has no website, does very little to no marketing, and has very limited hours of operation.
* Increased Revenues can be realized by being open on the weekends, STAYING open past 5:30 pm on weekdays, advertising and marketing, and increased online presence.
* Cash Flow Margins are above 38% each year of the Gross Revenues. This is a low overhead business with A LOT OF GROWTH POTENTIAL.
* It is THE DRY CLEANERS in town, with THE NICEST Washateria in town.
* TWO ESTABLISHED REVENUE STREAMS! Both can be grown and increased in services provided.
* Location, Location, Location! The business has drawn a steady stream of customers over the last 40+ years of being open. It is in a high-traffic area of town.
* Health concerns have become an issue with the owner, and a factor in the downward trend in sales. The seller is motivated and ready to retire.
* Some Owner Financing may be available for the right buyer and the right offer.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $148,881
Cash Flow:   $57,332
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $117,600
Seller Financing:  Yes

About The Business

Year Established:  1969
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The seller will provide a negotiated amount of training to ensure an orderly turnover to the new owner. Additional training/consulting beyond the agreed upon terms is available from the seller, if required, for an additional fee.
Reason For Selling:  Owner is ready to retire

Photos

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6 Figure Cash Flow Dry Cleaners & Laundromat Photo 1




Print Listing Id: 700268673
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Also See: Franchise Opportunities > Franchise Resales > Arkansas Businesses For Sale > Arkansas Franchises For Sale > Arkansas Business Brokers



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