Dry Cleaner NYC.prime FIDI/TRIBECA Location. $Ml+sales

Manhattan, NY (New York County)

Seller Financing Available
Dry Cleaner NYC.prime FIDI/TRIBECA Location. $Ml+sales

Asking Price:$1,000,000

Cash Flow:$325,000

Gross Revenue:$1,000,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$73

Established:1991

Dry Cleaner NYC.prime FIDI/TRIBECA Location. $Ml+sales

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Business Description

An outstanding opportunity for an entrepreneurial buyer to grow this business.
HIGH MARGIN SERVICE BUSINESS.
Currently ABSENTEE owner operated.
Fully staffed with manager.
Solid established business in the most affluent neighborhood in the city. Lots of young professionals with families and millennials WITH MONEY and NO TIME..
A NOT TO BE MISSED opportunity.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
F: 201-568-5401
T: 917-834-4063

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
10/31/2027
Employees:
9
Facilities:
1600 SF store with 2000 SF working basement. 10 year lease at $21,000/month with 3% increases. Real Estate Taxes $1,000/month. Fully equipped with additional equipment to handle additional sales volume.
Competition:
Prime border FIDI/Tribeca location servicing the high-rise doorman buildings in the immediate area and Battery Park City. Thousands of prepaid pickup & delivery accounts and strong walk-in traffic. Established for over 25 years. One of the only dry cleaners in the area with a fully equipped plant to handle all dry cleaning and laundry in-house.
Growth & Expansion:
The owner is close to 80 years old and has not promoted the business. At lease 30% to 50% unused capacity. Lots of new high-rise apartment buildings are near completion or under construction in the neighborhood. Tons of potential new business.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition.
Reason for Selling:
Retiring

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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