Stability & Growth Dry Cleaning & Laundry
Location Israel
Asking Price Range < $250K
Gross Revenues $143672
Net Profit / Cash Flow $46000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training.
Description Everyone wants to look their best for important business meetings and the customers of this dry cleaner in Jerusalem, which include the staff of Rupert Murdock's high tech company, are no different! That's one reason why the sales for this dry cleaning & laundry business for sale, which have grown annually for the past 16 years, dipped only 6.75% in 2008!
Competitive advantages: (1) business has established clients in nearby high tech company established by Australian billionaire. Dry cleaner gives 30% discount for their business. (2) business has established clients in nearby affluent neighborhoods (German town, etc.) - and picks up and delivers twice a week at regular prices. This part of business built by word of mouth referrals from satisfied customers who could not find comparable quality for handling fine clothes in any competitor. (3) location, location, location: major shopping mall to be completed in 2-3 years across the street, with pedestrian bridge direct to dry cleaner's block. Rents across the street will be about double, and mall will not permit dry cleaner due to chemicals limitations. Shopping mall will be 21,000 sq. Meters (226,000 sq. Ft.), with wal-mart type anchor tenant taking 7,000 sq. Meters (75,000+ sq. Ft.).
From the - what will they think of next department: a small business with a good set of books! Partial absentee owner - type operation is feasible - though the business should grow faster, and with more profits, under aggressive full time management.
Area: is mixed - ultra-orthodox, observant, and non-observant in nearby areas.
Buy it for your wife! Buy it for your children! Buy it for yourself! Come to Jerusalem - and be close to your children. Free education! Free medical care! ($ values are based on a usd$1 - nis (ils) 4.122 exchange rate as of 2-16-09.). Grow - with a fall back safety net. For more information, please email or call Joe Gertz at 310-539-8300.
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