Listing Number: 76931-182558
Description
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!
Listing Details
- Price: $795,000
- Down Payment: $795,000
- Sellers Discretionary Earnings: $224,288
- Total Sales: $527,544
- Location: Harris County, Texas
- Inventory: $500
- FF&E: $150,000
- Employees: 10
- Reason for Selling: Purchase business closer to home
- Category: Cleaning/Clothing
