Dry Cleaner NYC. Drop Shop. Prime Neighborhood. Mid-Town East.

Gpo, NY (New York County)

Seller Financing Available
Dry Cleaner NYC. Drop Shop. Prime Neighborhood. Mid-Town East.
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Asking Price: Get Financing: $195,000

Cash Flow: $96,000

Gross Revenue: $340,000

EBITDA: N/A

FF&E: N/A

Inventory: $1,000*

Lease Rate: $200 /SF/Year

Established: 1993

*not included in asking price.

Dry Cleaner NYC. Drop Shop. Prime Neighborhood. Mid-Town East.

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Business Description

Located on the Avenue with high foot traffic.
Surrounded by high-rise apartment building with working families & professionals.
Dry cleaning, laundry & wash & fold with tailor.
Room to grow pickup & delivery with website and social media.
High visibility store next to a supermarket.
Great opportunity for an OWNER/OPERATOR.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
12/31/2024
Employees:
1+ Owner +Tailor
Facilities:
500 SF store on the avenue. Close to subways and buses. Rent $8,500/month including real estate taxes. 5 year lease renewable every 5 years.
Competition:
Established over 25 years. Great reputation in the neighborhood. Tailor works on a 50/50 split. Super high foot traffic and surrounded by thousands of apartments.
Growth & Expansion:
Need to bring the operation into the 20th century with a website with pickup & delivery functionality online and social media.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition.
Reason for Selling:
Retiring
Contact Seller

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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