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Absentee Dry Cleaners in Sugarland

Listing Number: 76931-636139

Description

This dry clean business was established over 12 years ago and is located in the heart of Missouri City on the outskirts of Sugar Land. The current owners are the second owners of this location. Since the current owners took over about 5 years ago, they were able to increase revenue by focusing on being the best-priced cleaners in the area with the best quality. Much of the new business is from customers that are leaving cleaners nearby due to poor quality.

Unfortunately due to the pandemic sales did drop but sales have continued to bounce back. The store averages over $25,000 in sales revenue monthly at this current time.

Recently in 2021 the owners replaced the boiler with a refurbished Fulton boiler which is in great condition. The laundry shirt press was also replaced in 2021 with a refurbished unit in very good condition.

This business has been very well maintained and still has lots of potential for growth for the right operator.

There is huge opportunity to grow revenue and profits by expanding and adding routes and drop stores to the surrounding area. Sugarland is a very affluent community located only 10 miles away, allowing for great market expansion opportunity.

The business is currently being run completely absentee as the three business partners all work corporate jobs. With the business being run completely absentee, the estimated annualized EBITDA is $81,252.12.

Listing Details

  • Price: $ 315,000
  • Down Payment: $315,000
  • Sellers Discretionary Earnings: $ 81,252
  • Total Sales: $ 319,644
  • Location: Texas

  • Inventory: $ 1,000
  • FF&E: $ 200,000
  • Employees: 5
  • Reason for Selling: Pursuing other interest
  • Category: Cleaning/Clothing
Absentee Dry Cleaners in Sugarland

Business Listed By:

Quoc Pham, CBI
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