Profitable Dry cleaning shop 16,000. monthly net. 450k price Olney, MD

Olney, MD (Montgomery County)

Profitable Dry cleaning shop 16,000. monthly net. 450k price Olney, MD
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Asking Price: $450,000

Cash Flow: $194,000

Gross Revenue: $522,700



Inventory: N/A

Established: 2011

Profitable Dry cleaning shop 16,000. monthly net. 450k price Olney, MD

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Business Description

1,670 SF. Lease; Approx, 5 yrs, can be extend. Price; Open hours; 7-7, Mon-Fri.
Sat; 8-6.
Clean and semi absentee ownership.
Owner is very ill and needs retire.
New owner can save some payroll and increase business volume..

Detailed Information

5 FT, 2 PT
1,670 SF. Lease; Approx, 5yrs. Price; 450k. Open hours; 7-7 Mon – Fri. 8-6 Sat. Sales a week-------------------------------------------------10,052. Sales a year------------------------------------------------ 522,700. Sales a month--------------------------------------------- 43,558. Monthly expenses Rent--------------------------------------------------------- 8,400. Utilities----------------------------------------------------- 1,346.22 Payroll------------------------------------------------------ 10,842.( 5FT 2PT ) Taxes------------------------------------------------------- 3,748.55 Card fee---------------------------------------------------- 857. Phone------------------------------------------------------- 44.45 Cost of good -------------------------------------- 1,506.24 Miscellaneous--------------------------------------------- 300. Insurance------------------------------------------------------------340.10 Total monthly expenses-------------------------------- 27,384.56 Net income a month------------------------------------- $ 16,173.44 This is with numbers given by seller and it can change time to time.
SBA Available
Support & Training:
2 weeks
Reason for Selling:
Health problem.
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(from currently available funds)
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Laura Park

Business Listed By:
Laura Park

World Business & Realty Group

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