No photo available
A well-established, fully equipped dry cleaner with 22 years of service has been listed for your acquisition. This facility is fully-equipped to handle dry cleaning, laundry, washing, folding, and alterations on all types of fabrics ranging from rugs, wedding gowns, comforters, blankets, and even leather. This establishment sits in a 2,100 SF space of a busy North Dallas retail strip center. This establishment's intersection is notably industrious, for it is nestled directly between a major highway and popular points of interest. A well-known mall, a megachurch, many major franchise restaurants, and several supermarkets are close neighbors, giving this cleaner free consistent foot traffic. This location is easy to access from the two major suburbs of Dallas it is located between; thus, this establishment gets flooded by both cities and by clients commuting from the nearby highway. Due to this affluent area, most of the clientele base consists of middle to upper-class Caucasian individuals, peppered with minorities from similar social standings. Being located in a prospering area also breeds competition, but the competing dry cleaners only operate as pick-up stations and not fully functioning facilities. Therefore, this establishment has the upper hand over its competitors and is more appealing to clients concerned about practicality and punctuality. The interior of the establishment is clean and straightforward, with efficient use of space with functionality in mind. It is outfitted by a front desk, a dressing room, and clear glass panes that showcase the racks full of clean, ready-to-go garments. Though the back portion of the establishment houses all of the numerous types of machinery used for the abovementioned services, the area is still well kept and the machines immaculately maintained.
Furniture, Fixtures & Equipment: $150,000 (Included in listed price)
Inventory: $3,500 (Not Included in listed price)
Financing: 100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2000
Facilities: This establishment occupies a 2,100 SF space of a retail strip center in a North Dallas suburb.
Support/Training: The current owner has agreed to train the new acquiring owner for up to two weeks in order for a smooth transition.
Reason Selling: The current owner is looking to retire.
Competition: Being located in a prospering area also breeds competition, but the competing dry cleaners only operate as pick-up stations and not fully functioning facilities. Therefore, this establishment has the upper hand over its competitors and is more appealing to clients concerned about practicality and punctuality.
Growth And Expansion: This establishment currently has no website, nor any marketing in place. This business can improve by establishing an internet presence and ushering in a new younger crowd. This could potentially increase the customer base significantly for the current clientele is predominated by older Caucasian individuals that found out about the business through word-of-mouth. The new acquiring owner could also implement delivery services in order to increase cash flow.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.