Dry Cleaning Plant Established 20+ Years - Wealthy Town
Location New York,United States
Asking Price Range < $250K
Gross Revenues $125000
Net Profit / Cash Flow $65000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will help successfully transition a new owner.
Reason for Sale Retirement.
Description This full service dry cleaner plant for sale has been at the same location and is still with the original owners. All sales are from retail walk-in customers. It's in a great location in a wealthy town and has a 15 year lease at below market rent. All equipment has past inspection and is in good working condition. They are doing about $2,500/week in sales. There are many opportunities to expand.
Facilities: 1,250 sq ft of space in one of the best towns in Westchester. Equipment includes a 4th Generation Greentech dry cleaning machine purchased in 2004, with the latest inspection on 12/18/08, a 50lb washing machine, complete shirt machines including folder, a boiler, 2 compressors, a spotting machine and a presser. The space has 10 +5 years on the lease.
Competition: This store has the longest track record on the street and has very loyal customers. There are other cleaners there but they have all been there for many years so the town supports all of them. One of the competitors is a drop store only.
Growth and Expansion: A drop store could be added and all the cleaning would be done at this site. In addition the current owners don't do any wholesale so that is another opportunity.
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