Asking Price:

$177,000

Gross Income:

$212,000

Cash Flow:

$71,000

FF&E:

$15,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

N/A

Employees:

N/A

Business Types:

Drycleaning/Laundry Services
Other Personal Services

* included in the asking price

Business Description

Great high-visibility location on the feeder road of a major highway in a thriving area. This location has serviced loyal customers for over 15 years. Well-established dry cleaner drop store with a full service alterations department on site that contributes substantial revenue.

This operation generates a considerable amount of cash and also accepts credit/debit cards. The business is unique due to the signficant mix of high-margin alteration services it provides, in addition to dry cleaning and laundry.

The existing owner does none of the skilled alteration work and acts primarily as the business manager. Skilled employees that do the alteration work can remain after the business transitions to new owner. New owner could manage the business part-time, or operate absentee with a paid manager while still generating solid cash flow.

The store is approximately 1,200 square feet with a desirable long-term lease in place (through 2020 with two 5-year options) at $1,900 per month (includes CAM).

The existing owner has developed a thriving business with virtually no advertising or marketing. There is some competition in the area, but quality of work, competitive pricing and geographic location keep loyal customers coming back year after year. This business offers the opportunity for growth through increased advertising, particularly for its high-quality alteration services which attract customers from across the city.

Existing owner is retiring and moving out of state and offers up to 4 weeks of on-site training to ensure a smooth transition.

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Go to our special web site area below to learn about this business and/or buying a business

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Thanks – A.S. Radin & Associates – Owner of the North American Alliance of Business Brokers

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