Dry Cleaner With 24 Years Of Success
Location Bronx, New York, United States
Asking Price Range < $250K
Gross Revenues $186000
Net Profit / Cash Flow $101000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1984
Number of Employees 1 - 3
Inventory 15000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Seller has owned it for 24 years and wants to do something else.
Description Asking Price: $130,000.
Gross Sales: $186,000.
Cash Flow: $101,000.
Furniture, Fixtures & Equipment: $15,000.
Financing: seller would like 70% down.
Payroll: $400/week - for 1 presser.
Rent: $3,225 + $150 real estate tax/ month.
This dry cleaner has been in business for 24 years. All of the sales are walk-in retail as there are many apartment buildings nearby. Located off a major expressway, this is easily accessible from many areas. They have one employee who is the presser and a family member does the tailoring. Nice opportunity to own a plant with opportunity to expand.
Facilities: Approximately 1,000 sq ft of space and on street parking. Equipment includes a 35 lb. Realstar M280 Perc machine (4th Gen), a boiler, shirt machine and pressing machine. Also has a POS system with all customer information. The buyer will get a new 5 year lease which is how he has always done it.
Competition: They have a very loyal following after 24 years in business.
Growth and Expansion: Since their prices are slightly higher than some competitors, if a new owner wanted to lower prices, they would increase volume. Also if an owner wanted to go after wholesale business, that would be another area of expansion.
Support / Training: Seller will help transition the new owner into the store.
Reason Selling: Seller has owned it for 24 years and wants to do something else.
Year Established: 1984.
Employees: 1.
Contact for more information on this Dry Cleaning business for sale.
Click Here To Contact Seller
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