Dry Cleaners In A Great Location, Busy Street
Location California,United States
Asking Price Range < $250K
Gross Revenues $70000
Net Profit / Cash Flow $24000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Negotiable.
Reason for Sale Wants to rest.
Description Plant for sale for $70k. The cleaner is at a good location on a busy street. Current owner bought the business 3 months ago. She diecided that she would like to sell because she is the only one there and it is taking up all her time running the business.
Sales run rate is about $6,000/mon. Net income is about $2,000/mon. Rent is $2,900 a month for 1356 sq ft including $300 per month triple net. Lease 4yr + 5yr left.
The cleaner has the equipment to be run as a plant but the dry cleaning system is broken. Nonetheless, this equipment will be outlawed next year when the GREEN requirements take affect. The location includes 2 pressing stations and a wet washer / dryer station. The owner is currently the only worker. Per the new law as of 2010 the dry cleaning machine that is not is use would have to be replaced. All dry cleaning work is currently outsourced.
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