Dry Cleaners In Prime Location-L1 Or E2 Eligible

Winter Springs, FL (Seminole County)

Seller Financing Available
Dry Cleaners In Prime Location-L1 Or E2 Eligible
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Asking Price: $400,000

Cash Flow: $142,200

Gross Revenue: $552,000

EBITDA: N/A

FF&E: $185,000

Inventory: $2,000*

Rent: $44,800 /Month

Established: 2007

*not included in asking price.

Dry Cleaners In Prime Location-L1 Or E2 Eligible

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Business Description

L1 and E2 qualfied with the Investment: Monthly Gross: $46,000.00 @ 50 % margin = $23000.00 Gross Income. Monthly Expenses: Rent: Lower Rent To Be Negotiated By New Buyer(plant rent) and drop store rent is $3200.00. Electric- $650.00 plant plus $150.00 (drop store). Labor $2500.00 (both). Supplies = $1000.00, Insurance $500.00, Credit card fees =$400.00. maintenance = $250.00, Telephone = $100.00. Open - Close 7am-7pm M-sat, Sun -closed.. Total expenses = $13,55.00. The total Equipment cost installed on the premises is = $185,000.00.
The owner is proposing and landlord has agreed to reduce the size of the plant to 1800 sq.ft thereby reducing the plant rent by almost half so it will be about $2400.00 increasing the new buyers cash income by $28,800.00 per year. Extra Income can be generated by introducing the alteration facility.

Attached Documents


Detailed Information

Location:
Winter Springs, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
L1 and E2 qualfied with the Investment: Monthly Gross: $46,000.00 @ 50 % margin = $23000.00 Gross Income. Monthly Expenses: Rent: Lower Rent To Be Negotiated By New Buyer(plant rent) and drop store rent is $3200.00. Electric- $650.00 plant plus $150.00 (drop store). Labor $2500.00 (both). Supplies = $1000.00, Insurance $500.00, Credit card fees =$400.00. maintenance = $250.00, Telephone = $100.00. Open - Close 7am-7pm M-sat, Sun -closed.. Total expenses = $13,55.00. The total Equipment cost installed on the premises is = $185,000.00. The owner is proposing and landlord has agreed to reduce the size of the plant to 1800 sq.ft thereby reducing the plant rent by almost half so it will be about $2400.00 increasing the new buyers cash income by $28,800.00 per year. Extra Income can be generated by introducing the alteration facility.
Competition:
None
Support & Training:
2-4 weeks
Reason for Selling:
Retiring
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Shiraz Mitha

Business Listed By:
Shiraz Mitha

Metro Florida Realty

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