Dry Cleaner + Drop Store. Prime Midtown East & West Side Locations NYC

Manhattan, NY (New York County)

Seller Financing Available
Dry Cleaner + Drop Store. Prime Midtown East & West Side Locations NYC
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Asking Price: $395,000

Cash Flow: $179,000

Gross Revenue: $590,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,450 /Month

Established: 1998

Dry Cleaner + Drop Store. Prime Midtown East & West Side Locations NYC

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Business Description

Dry Cleaner with plant on the Upper East-side and Drop Shop on the West Side.
Great locations in affluent neighborhoods.
Established for over 20 years with solid repeat customer base.
Both locations have hotels in the immediate vicinity and they generate additional sales that can be expanded.
Great business for a husband and wife team with tailoring experience.
A lot of sales growth upside with a marketing initiative for the many high-rise buildings in both locations neighborhoods.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
12/31/2029
Employees:
2FT 1PT 2 Owners
Facilities:
Plant is 500 SF with full basement. 10 year lease at $6450/Month with $1,500/Year real estate taxes. 3% annual increases. Drop store is 1,000 SF with a 10 year lease at $10,024/Month with 3% increases. Real estate taxes included. Plant has a dry cleaning machine and presses. Laundered shirts are sent out for cleaning.
Competition:
Established dry cleaners with established customer base. Plant store can be cosmetically upgraded.
Growth & Expansion:
Need to promote the business especially that these areas of Manhattan have a lot of new young families and professional in the surrounding high rise apartment buildings.
Financing:
Limited seller financing available to qualified buyer.
Support & Training:
Owners will transition.
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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