Dry Cleaners Marina Del Rey

Marina Del Rey, CA (Los Angeles County)

Dry Cleaners Marina Del Rey
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Asking Price: $780,000

Cash Flow: $223,307

Gross Revenue: $840,000

EBITDA: $180,710

FF&E: $394,500

Inventory: N/A

Rent: $11,330 /Month

Established: 2015

Dry Cleaners Marina Del Rey

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Business Description

Renovated Dry Cleaners/High End Neighborhood, High Growth Potential

Dry Cleaners located in Marina Del Rey, CA. The store is located on the street with the highest traffic volume in the city with its own parking lot. Located in a neighborhood surrounded by residential buildings and apartments. Centrally located in "Silicon Beach" with Big Tech Industry continually coming in the area. The store was completely remolded with refurnished customer service area and new machines in 2017. The new machines includes: New hydrocarbon machine, dry clean press machines, automated shirt presser, and a completely redone boiler system. The store comes with a Econo-line Delivery Van.

The store is doing about $600,000 in revenue with the potential and history of doing almost double the revenue. Prospective buyers who are passionate and social media savvy can turn this dry cleaners into a million dollar revenue store as it has been in the past.

Detailed Information

Location:
Marina del Rey, CA
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
1/30/2025
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,200sq ft Complete Dry Cleaners (plant included in the store) Ford E-150 Econoline Delivery Van 6 or 8 Car Parking lot with city compliant handicap spots Terms of lease is negotiable with property owner 1 60Lb Hydrocarbon dry cleaning machine 3 Press Machines 2 Sheet Press Machines 1 Automated Shirt Machine (#50 shirts per hour) 3 or 4 Laundry Machines Touch Screen POS system
Growth & Expansion:
The neighborhood is growing by the minute. A drive around Marina Del Rey will constantly show construction sites for new luxury apartment buildings next to the myriad of existing residential buildings. The housing market is rushing to meet the demand of influx of young professionals moving to the area. The high income neighborhood caters toward dry cleaning businesses.
Support & Training:
2 weeks of support after sale is complete.
Reason for Selling:
Retirement
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Business Listed By:
Daniel Sung

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