MergerPlace

Dry Cleaning Pick Up Station with Drive-

Northwest Dallas, Texas (Dallas)


  • Asking Price: $59,000
  • Gross Income: $133,633
  • Cash Flow: $34,638
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $15,000
  • Listing ID: #225040
  • Established: 1997
  • Employees: 1FT

Business Description

Office ID: #001036

Over two decades prime location full-service dry cleaning pick-up station in Northwest Dallas is available for acquisition. This dry cleaning pick-up station is occupied in 840 SF of a freestanding building that is placed next to a high traffic intersection surrounded by densely populated residential neighborhoods. This business was originally established 23 years ago in 1997 by the previous owner and was acquired by the current owner in 2002. This pick-up station offers full-service dry cleaning and laundry services as well as alteration, household items, leather, wedding gown cleaning, etc. The majority of the customers of the business are middle to high-class individuals of various ethnicities from the surrounding densely populated residential areas while Caucasian and Indian customers are predominant. A large portion of customers consists of loyal customers that have been accumulated in the last 23 years of operation. Unlike before, competition is decreasing as more and more competitors within the immediate market area are close down due to the pandemic situation. This pick-up station is optimally placed in a prime location next to a busy intersection and easy to access with great visibility. Also, the facility of the business features a drive-thru and 24-hour drop-off box for the convenience and safety of customers. The most recent gross sales of this dry cleaning pick-up station have been running at around 50% of last year's sales due to Covid-19. It is quite down from the past several years used to be around $165-170K a year consistent, however, soon with the vaccine coming out and the pandemic over, this fully equipped dry cleaner will definitely bring the business back to its previous days or beyond as long as pro-active marketing from the new owner takes place. There are many ways to increase overall sales by offering pick-up/drop-off services, taking in more household items, reaching out to local school districts for faculty discounts, band uniforms, churches, etc. Besides that, various marketing tactics need to be utilized, such as more online and social media outlet presence, direct marketing, coupons, and weekly deals to expose the business to public and local customers. This is a great opportunity to acquire a 23-year well-established full-service dry cleaning pick-up station for a potential buyer who is willing to be more hands-on in the day-to-day operation and proactive marketing to reach out to untapped areas of the city.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
Metropolitan Area: Northwest Dallas
County: Dallas

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1FT

Financial Information

Asking Price: $59,000
Gross Revenue: $133,633
Cash Flow: $34,638
FF&E: $15,000
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

The business is occupied in 840 SF of a freestanding building that is situated on 3,000 SF next to a major intersection of a city. This business operates in a leased facility but the current owner is the owner of the property. The facility of this business features a drive-thru and 24-hour drop-off box for the convenience and safety of customers. All equipment is in excellent condition and in great working order.

Growth & expansion opportunities:

There is currently no pro-active marketing being done except through the business website, and the business needs a full scale of marketing which includes online marketing and offline marketing such as social media outlets, flyers, direct mailing, pick-up and delivery service, etc. to expose itself to public and local customers.

Competition:

This business is easily view-able and has ease-of-access from the street. The facility has a drive-thru and drop-off box, which can access 24 hours for customers' convenience and safety.

Reason for selling:

Retirement

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

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Business Listed By:

V-AID Group

www.v-aidgroup.com