Dry Cleaner Drop Store. Prime UES location. High Volume. Well Priced.

Manhattan, NY (New York County)

Dry Cleaner Drop Store. Prime UES location. High Volume. Well Priced.
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Asking Price: $295,000

Cash Flow: $145,000

Gross Revenue: $480,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,167 /Month

Established: 1990

Dry Cleaner Drop Store. Prime UES location. High Volume. Well Priced.

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Business Description

Established dry cleaner drop store with an excellent reputation for quality dry cleaning and service. Solid customer base, with 80% in-store sales.
Prepaid pickup & delivery customers.Strong potential to increase pickup & delivery.
High income, high density family and professional residential neighborhood close to subway and bus routes.
A great buy for a husband and wife team or for an operator looking for an excellent cash flow business without high labor costs.
Sign & send the attached NDA for more information.
Email: brian@elbrokerage.com
T: 917-834-4063
F: 201-568-540

Attached Documents


Detailed Information

Location:
Manhattan, NY
Real Estate:
Leased
Building SF:
900
Lease Expiration:
12/31/2030
Employees:
3
Facilities:
900 SF store with 450 SF basement. 10 Year lease at $9,500/Month with 2% annual increases. Real Estate Taxes $8,000/Year. Store has washer and press for in-store hand pressed shirts.
Competition:
Very busy high foot traffic avenue. Highly rated dry cleaner for quality and customer service. Other dry cleaners in the area do not do this sales volume.
Growth & Expansion:
Currently pickup & delivery account for ONLY 20% of sales. Major upside in developing and growing this service.
Financing:
Limited Seller Financing To Qualified Buyer
Support & Training:
Owner will transition.
Reason for Selling:
Relocating
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(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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