Hi-Vol Dry Cleaners: Revenue $456K, Netting $180K, SBA Ava, Prc $550K

Rolling Hills, CA (Los Angeles County)

Hi-Vol Dry Cleaners: Revenue $456K, Netting $180K, SBA Ava, Prc $550K
Contact Seller

Asking Price: $550,000

Cash Flow: $180,000

Gross Revenue: $456,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $8,000 /Month

Established: 2012

*not included in asking price.

Hi-Vol Dry Cleaners: Revenue $456K, Netting $180K, SBA Ava, Prc $550K

Save Print Share Valuation Report

Business Description

A high volume Dry Cleaners located in a national brand anchored 2-unit strip center with fine parking. On a corner of a busy street with high visibility. High traffic count, Densely populated. Mid-income area. It's turn key. 7 years in the business.
Room to grow due to a moderate profit margin price- pants $5, suit $15.00, dress $15, shirt $2.55. The 40 lbs. hydro-carbon machine and all equipment in very good working conditions. Single owner keeps store clean and maintains well. Found not contaminated by soil tests. Owner has unpaid $40,000 existing equipment loan. Here is more;
• Sales in 2017 was an average of $42,000 per month and $39,000 in 2018 per month Monthly total turnover is $25,000 on average
• Possible monthly net income is $15,000 or up
• All-in rent is $8,000, including NNN / CAM.
• Premise size is approx. 2,455 sq. ft.
• 3 years lease leftover with no option. Must apply for a new lease for 5+5
• Hours Mon-Fri from 7 am to 7 pm, Sat 8 am-5 pm, closed on Sun
• 3 full-times. One owner works
• Wages are $6,500/mo
• Operated for 7 yrs by the same owner
• Ample parking space in front
• SBA loan is very possible if buyer acquires 5+5 lease. Own this business through as little as $170,000 down. Monthly amortization expected at $4,511 over 10 years at 7.5% annum
• Financial details are available only to qualified buyers and committed.
• To receive more information, fill out attached online NDA form and send it to me
• For your fast inquiries, email at beeinvest.kim@gmail.com or leave a message at (714) 345-6514
* NOTE: If you are a ready buyer and you are interested in learning more about this business or are serious about purchasing it, you are strongly encouraged to come to our office to get the financial details, loan procedures and business information that best fits your needs, due to the unique nature of the business itself.
Once you come to our office, you can get more listings for the business that you've always dreamed of, or other mainstream stores that might be the best fit for your goals.
Too hard to come? What if this is the game changer in your life? The perfect opportunity is only given to those who seek it.
Please let us know at least 3 days in advance to get better service

Detailed Information

Location:
Rolling Hills, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,455
Lease Expiration:
5/31/2022
Employees:
3
Facilities:
Hydro-carborn machine (40 Lbs.)
Competition:
Yes
Growth & Expansion:
Growth & Expansion: The business does little to no marketing currently, and new owner will benefit from aggressive marketing
Financing:
N/A
Support & Training:
2 weeks after closing
Reason for Selling:
Health problem
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1632727 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


FASTSIGNS International

Franchise Opportunity In CA
Cash Required: 100000