S439 - Dry Cleaning - San Anto

S439 –Dry Cleaning - San Antonio Suburb

Location

City San Antonio Suburb
State Texas
County

Financial Information

Asking Price $1,490,000 Show Loan Calculator
Down Payment $1,490,000
Annual Receipts $1,170,000
Cash Flow $450,000

General Information

Description Currently owner can only work about 25 hours a week do to his other business commitments. The business is ideal for a new owner wanting to take an active role in the business and wanting to take advantage of growth opportunities such as adding an additional drop station in the affluent and developing end of town. The strategically placed plant and drop station are in a highly desired hill country town is positioned for a new owner to grow the business. This is a branded dry cleaner with consistent $1.1M+ in revenue and increasing cash flows with a very low licensing fee. The leases are assignable with very low rent, running at 7% of revenue. High quality machines are located for efficient operation. All equipment is meticulously maintained and continuously reinvested in with new machines or upgrades yearly. The dry cleaning is done with a petroleum solvent not PERC so no environmental issues. The business does limited advertising (Less than1% of revenue), and currently has one drop station. Owner is selling to focus on other business investments. Current owner is willing to train new buyer for seamless transition and sign a non-compete agreement. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Bob Howells at 210-348-8989 or email at info@bbofsa.com for more information.
Reason For Sale Focus on other family businesses
Franchise No
Home Based No
Relocatable No
Year Established 1990's
Year Acquired 1990's
Employees 10FT & 10 PT

Building Information

Building Sq. Footage 2,500 & 1,200
Monthly Rent $3,159
Real Estate Available No

Contact Business Brokers of San Antonio for more information.