Dry Cleaners: Solid-Hi Profit $252K, Low Rent, SBA OK, LA

Los Angeles County, CA

Dry Cleaners: Solid-Hi Profit $252K, Low Rent, SBA OK, LA
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Asking Price: $489,000

Cash Flow: $252,000

Gross Revenue: $400,000

EBITDA: N/A

FF&E: N/A

Inventory: $17,000*

Rent: $3,894 /Month

Established: 1994

*not included in asking price.

Dry Cleaners: Solid-Hi Profit $252K, Low Rent, SBA OK, LA

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Business Description

Dry cleaners with very high net profit and very clean facilities located in a good-looking strip center nearing busy four crossings. Upper class neighborhood. Rent is far below the market. 60 lbs Perk Machine, yet the seller willingly installs a hydro carbon machine at the close of escrow for the new owner at the buyer’s cost when requested by the buyer. All equipment well-maintained and in good working conditions. This location is perfect for an owner operator as it has limited hours and requires only a few employees to operate SBA loan available easy. Below is a quick overview:
• Monthly gross turnover is $33,000 on average
• Possible monthly net income is $21,000 or up on average
• Very reasonable rent is $3,900//Mo, including CAM.
• Approx. 2,200 sq. ft,
• Charges: $6-Shirt, $19-Suit, $9-Hem
• 6-day runs from 7:00 am to 7:00 pm and closed on Sun
• 2 full-times pressures
• The husband works full-time with the cashier, operator, including maintaining all the machines while the spouse is doing alterations:
• Payrolls are $4,800/m, including payroll tax
• Established and operated for 25 years by the same owner
• Maximized efficiency: operating costs such as utilities, supplies, maintenance costs are as low as $3,300 a month. This is one of the most important factors that keeps high net profit steady
• Ample parking in front and side
• SBA loan: Own this business through as little as $150,000 down. Monthly amortization expected at $3,880 for 10 years.
• Equipment: 3 wet-cleaning Machines, Shankosa shirts machine, 2 pressures, 3 dryers
• Asking price is a firm $489,000

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
3
Facilities:
Cleanest Dry Cleaners, All equipment maintained w/excellent conditions, Store size is approximately 2,200 sq. ft., lower rent, high traffic count, densely populated. STRONG VISIBILITY with MINIMUM COMPETITION and HIGH TRAFFIC COUNT with easy-access, LARGE PARKING field, 25-yr tradition by the same owner, Located in a very upscale area
Competition:
There is Dry Cleaners nearer
Growth & Expansion:
Try home delivery services to grow on sales
Support & Training:
112 hours for full-time training in two weeks
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

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