Dry Cleaners/Laundry

Listed Price: $425,000
San Antonio, TX (Bexar County)

Listing Details

Gross Income: $586,530
Cash Flow:  $68,587
FF&E: $378,316
Inventory: n/a
Established: 2001
Employees: 11

Business Description

Wonderful opportunity for a hands on operator or a couple to own their own dry cleaners/laundry in a major Texas City. Both locations have either a store manager or supervisor in place. Employees: 9 at one location and 2 at other.

Detailed Information

FF&E:  Included in asking price
Facilities: Two leased locations (one for pickup) with all equipment and buildings in excellent condition. Businesses are operating under a name that will remain with the owners, but can be used under a Trademark Licensing Agreement for a $1,500 annual fee. Square footage in both buildings totals approximately 3,300 sq. ft and combined monthly lease fees are $5,800 + NNN. Businesses have been operating in the general area since 2001 and in the current locations since 2007 and 2009 by current owners.
Competition: Normal for the area.
Growth & Expansion: With operating hours at 6:30am-7:00 pm M-F and 7:30am-5:00pm on Saturday the best growth option appears to be in the area of pick up and delivery and continued top flight service. A younger manager/owner with more energy and other minor changes typically bring about an increase in business.
Financing: Will the seller provide financing?
Support & Training: Yes as negotiated
Reason for Selling:  Manager is retiring from the business

Contact

Broker Name: David Sweeten
Broker Email: david@brokersoftexas.com
Broker Phone: (210) 697-8760 x202