Listing Number: 76931-370914
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. The current owners are the second owners of this business and have owned it for nearly 10 years.
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 computers and dry cleaning 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 recent months of 2021, sales for this location have been outperforming pre-covid sales month-over-month.
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 a discretionary earnings of well over $100k annually with ample opportunities to increase earning potential further.
Note: Real estate can be purchased for an additional $400,000.00.
Note: If you plan to purchase without purchasing the real estate, seller is offering a lease with monthly rent starting at $5,000.00 a month. This includes base rent and NNN.
If you're looking for an opportunity to purchase a dry cleaning business with real estate. This is your opportunity! Seller is very open to work this deal either way.
**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 $178,104.00!
Listing Details
- Price: $ 295,000
- Down Payment: $295,000
- Sellers Discretionary Earnings: $ 118,104
- Total Sales: $ 400,440
- Location: Harris County, Texas
- Inventory: $ 500
- FF&E: $ 150,000
- Employees: 11
- Reason for Selling: Retiring
- Category: Cleaning/Clothing
