Dry Cleaner Plant at Fairfax - Price Reduced

Fairfax, VA (Fairfax County)

Store front and customer area
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Asking Price: $150,000

Cash Flow: $88,500

Gross Revenue: $330,000

EBITDA: N/A

FF&E: $100,000

Inventory: $8,000

Rent: $6,070 /Month

Established: 1998

Dry Cleaner Plant at Fairfax - Price Reduced

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Business Description

QUICK SALE: PRICE FIXED, YOU GET EVERYTHING.

A full size dry cleaning plant in the heart of Fairfax, on the Lee Hwy.
Full size dry cleaning plant in a retail strip mall adjacent to the Lee Hwy.
Next to a Subway, a Mexican grill, a Chinese restaurant, a golf shop, and a spa.
(Note: a dry cleaning plant facility is hardly established in a retail strip mall next to foods.)
Ample parking spaces in front (for customers) and rear (for employees) of the building.

30+ daily walk-in customers plus four wholesale pickup locations.
30+ 5 star reviews (4.7 overall) on Google and 20+ 5 star reviews (4.3 overall) on Yelp.
Customers are from not only local but also all around Fairfax county.
One of the top 10 dry cleaners in Fairfax listed on Google and Yelp.

Approximately $8,000 of receivables are included in this sale.
90% sales made by credit card, 10% cash sales.

The first 3 months of rent payments are waived.
Current lease contract until December 2024.
Monthly rent, including tax and maintenance, is $6,070 ($30/sf., 2,428 sf floor).
Major cleaning, maintenance, and trash (dumpster) removal are included in the rent.

The tenant is responsible for all utilities.
Fairfax Water, Dominion Power, Washington Gas.
Cox is available for phone and internet.

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Equipment List included in sale:

20 HP steam boiler (Fulton)
120 Gallon 10 HP Air compressor (Ingersoll Rand)
120 Gallon auxiliary air compressor tanks (2 x 60 Gallon, total 240 gallon air capacity)
30 gpm tankless water heater (Rinai)
40 Gallon gas water heater (Rheem)
Rema dri-vac (RP-8)

55lb. perc. dry cleaning machine (Firbimatic-Crown)
60lb. washer extractor (Wascomat)
40lb. washer extractor (LG)
30lb. washer extractor (LG)
30lb. electric dryer (Maytag)
20lb. gas dryer (Samsung)

Spotting Board (Cissell)
Double buck shirts pressing machine (Unipress)
Collar and cuff pressing machines (2 units: Ajax and Unipress)
Hot head mushroom pressing machine (Forenta)
Hot head pressing machine (Hoffman New Yorker)
Pants pressing machine (Forenta)
Utility pressing machines (2 units: Forenta)
Suzie multi form (Cissell)

Two conveyors (520 slots in use, 850 slots not in use, both Up n' down, the White Conveyor)
Two PC's (Front and rear operation)
50" LCD HDTV
Two refrigerators (large and small)
Front counter desk

Chevy 3500 with rails
Ford E250 with rails
Kia Sedona with rails

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Monthly Financial Breakdown

$27,000 Gross sales (As of 2019)
- $6,070 Rent
- $10,500 Payroll (1 Spotter, 2 Pressers, 1 Driver)
- $1,500 Supplies
- $1,500 Utilities
- $250 Insurance
- $300 Gasoline for truck operations

= $7,380 Monthly income before tax.
(Owner operator's monthly income)

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Current Hours of Business (Retail) Operation
0600-2100 Monday to Friday
0800-1500 Saturday
Sunday Close

Current Hours of Cleaning Works
0700-1500 Monday to Friday
Saturday and Sunday not operating

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Seller's Note:

Due to family emergency, the owner moves out of Fairfax, cannot operate the business from away.
With historical 5% monthly gross sales growth rate, the expected monthly income for an owner-operator will be $10,000 in 2020.

Serious buyer's inquiry only please.
Broker's interests are welcome (Shall discuss privately about the fees and payment terms).
Due to the owner's busy schedule during the business hours, email and text message for questions and inquires is highly recommended and a prompt response will be provided.

5% of the sales price is required as a deposit to hold the contract for 30 days.
The final ownership transfer and the sales contract settlement is subject to the landlord's approval for a transfer of lease contract.

Final sales price may be increased as the business gross sales growth.
This business sales opportunity is still available as you see this listing on Bizbuysell.com.

Detailed Information

Location:
Fairfax, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,430
Lease Expiration:
12/31/2024
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
See Description Above
Competition:
Four dry cleaners within 1 mile radius
Growth & Expansion:
Steady 5% monthly growth in sales since 2017.
Financing:
NO Seller's financing available. SALES Subject to the landlord's approval
Support & Training:
1 month of onsite training for operation is available for an inexperienced owner. Training/supports for mechanical work is also provided.
Reason for Selling:
Family Emergency and Moving
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Business Listed By:
paul kim

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