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Prime Location Full Service Dry Cleaning ..
Location: United States -> Texas -> North Dallas, Collin County
Industry: Business Services > Laundry




Business Summary

Over 23-year established full service dry cleaning plant in prime location of North Dallas is now available for acquisition. This business was established 23 years ago by the previous owner in 1997 and was acquired by the current owner in 2016. This full service dry cleaning plant is located in a 2,800 SF space of retail strip center that is anchored by nationwide grocery chain surrounded by enormous presence of retail stores with tremendous foot traffics. The intersection that the business is located is known for the prime spot of this area with high traffics. The customers consist of a wide range of demographics with middle to upper-class individuals coming from the surrounding densely populated residential neighborhoods. Few competitors are found in the immediate market area, but this business is optimally placed right next to busy intersection, and facade of this business is raised than other tenants within the center which makes visibility superior. This business has a solid customer base that has been accumulated in the last 23 years of operation by providing high quality services at a very low price point than any other competitors in the immediate market area. Gross sales of this dry cleaning plant have been consistent for the last several years running at around $230,000-255,000 per year due to its prime location and a solid customer base. Currently, minimal to none marketing is in place, and pro-active marketing is needed to be fully utilized to achieve maximum income potential. There are many ways to increase overall sales by offering pick-up/drop-off services, taking in more household items, reaching out to local school districts for faculty discount, band uniforms, churches, and offering wholesale services to other pick-up stations. Even more various marketing tactics can be utilized, such as online and social media outlet presence, direct marketing, coupons, and weekly deals to acquire new customers in the untapped parts of the area. This business ...


Financials

Asking Price Range:  < $250K
Gross Revenues:   $234,011
Cash Flow:   $54,558
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1997
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason For Selling:  The owner went back to corporate world.




Print Listing Id: 700354019
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Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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