Listing Number: 76931-942584
Here is a great opportunity for someone looking to get into the dry clean industry. This operation is perfectly set up for a new owner. The current owners started this operation from ground up in 2017. They have expanded the business into 5 locations total right now which includes one main plant and 4 drop stores. All of these stores are in Katy and all have been strategically spread out in order to capture a large radius in Katy.
The potential for this operation is huge, but the owners have lost the energy to keep going. It is owned by a husband and wife team but the husband works a full time corporate job that he cannot leave to commit to this business. The wife does not have the energy to continue to manage 5 locations and has decided she would rather be at home with her kids.
Every store was built brand new from ground up. All furnitures, fixtures and equipment were brand new as well when stores were built. Leasehold improvements and FFE alone to start was over $700,000.
This is a FRANCHISE. You will have to be approved with the franchise. For the inexperienced new owner, you will have a reputable brand that can help guide you on your new journey.
This operation is currently operating at a loss, but with the area where these stores are located and with the help of the franchise, there is great potential to get this operation to profitability. There is HUGE opportunity for routes in the Katy area, but there has been very minimal focus on this from the owners. A very small percentage of sales is from routes. One of the big focus for this franchise is routes, but the owner has not had the time to commit to building the routes, this is going to be key for the new owner to get this operation profitable.
Seller financing may be considered for a well qualified buyer with at least $400k down.
- Price: $585,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $0
- Total Sales: $517,000
- Location: Fort Bend County, Texas
- Inventory: $1,000
- FF&E: $250,000
- Employees: 13
- Year Established: 2017
- Reason for Selling: Lack of time commitment
- Category: Cleaning/Clothing