Description ASKING PRICE: $149,000
This dry cleaners located in Queens has gained a great reputation in the area over the past 20 years. Great hi-traffic location on busy street corner; close to subway stops and major highways. The business does all cleaning on site and uses hi-tech equipment such as the Victory Cosmodry Dry Clean Machine. Additional business comes from neighboring establishments using the Victory Cosmodry machine. The business services an abundance of court attorneys and police men, all without any formal marketing efforts. The potential for growth in this business is exponential. Don't miss out on this great opportunity.
Potential Growth:
This business presents a great niche market for owners that possess advertising and marketing savvy. Although this business manages to get ample foot traffic without any marketing efforts (due to its prime location), creating a website among other advertising efforts, would go a long way in expanding the business.
Year Established: 1994
Non-owner Payroll: $ 24,000
Employees: 2 PT, 1 FT
Absentee Owner: No
Monthly Rent: $ 2,850
Square Footage: 1,200
Facilities:
Very well maintained equipment, which includes Victory Cosmodry Machine and 2 presses. Dry cleaner has a tailor who pays to work at the dry cleaner. Uses oil tank; cost for a full oil tank is $1,300 and business consumes less then 2 tanks a year. Other expenses include $250/month for telephone and electric combined, and $10,000 in miscellaneous expenses such as insurance, chemicals, plastic bags for clean clothes, etc. Rent will remain at the low price of $2,850 for 8 more years (2022).