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#Business ID: 19202

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Super Profitable Dry Cleaner Business

Business Location: New York City, New York, United States

Asking Price: $ 1,200,000 Revenue: $ 1,200,000 Cash Flow: $ 500,000

Business Summary

Dry Cleaners with such high sales and income do not come to market often.

This established dry cleaner is being offered at a low multiple to Net Income.

Only available as owner is in his mid-70's.

Make your investment back quickly.

A best buy.

Facilities: 2000 SF store with full basement in prime West Village location. Rent $19,500/month with 3% increases. Real Estate Taxes $1,000/month. Established store. Dry Cleaning washer, washing machines and shirt presses.

Property Details

Years Established:

1990

Property Type:

Lease

Other Business Details

Competition:

Largest most established dry cleaner in this dense residential high income neighborhood.

Expansion Potential:

Owner has a full time manager who is highly paid. Payroll can be improved. Many new apartment buildings are nearing competition in the immediate are with 1000's of potential customers.

Business Operation Details

Employees:

8

Support & Training:

Owner will transition.

Miscellaneous Details

Financing Available:

Yes
25% Seller financing available.

Reason For Selling:

Retiring.

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