Dry Cleaner, 77+ year established,real state 599k

Lake City, FL

Seller Financing Available

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Asking Price:$599,000
Gross Revenue:$216,576
EBITDA:$98,156
Real Estate:$599,000
Cash Flow:$98,156
Inventory:$5,000
FF&E:$100,000
Established Year:1947
BUSINESS DESCRIPTION

A very well-established business for over 77 years, the plant is in a prime location along a busy intersection and in down town with good exposure in very transited street. This is an excellent opportunity for a buyer to own a well-established business.
Gross sales over the counter are about $4,165.00 a week or $18,087.66 a month. ($216,576.00 gross revenue a year). The owner runs absentee in this moment but with an owner-operator running the plant, thousand owner benefits per year are very doable even in a slow economy. A smart owner-operator could earn in the range of $99.000 per year out of this plant is worth $99,000 and has a replacement value of at least $200,000.
Very good location


Dry Cleaner, 77+ year established, profitable, great opportunity for an owner operator, property included


Real State $599,000.00 (property type commercial)
Location, Location, Location! Endless business opportunities. Property being sold as an income producing Business. Keep it as the existing Dry Cleaning business or be creative and use the building to establish a new business. For investment purposes, divide and lease multiple spaces here in Lake City, one of the fastest growing cities in North Florida! Walking distance from Lake City's Courthouse, City Hall, many restaurants and professional services. There are not many commercial buildings available in this area. Don't let this one slip away, call today and make this one yours! Lot size 0.245 Acres, leaving area 3050 sqft


DETAILED INFORMATION
Location
Lake City, FL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,050
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The equipment works perfectly, I give you a three-month warranty on the equipment.
Competition
3 more cleaners in the city.
Growth & Expansion
With the owner working in the business he could increase sales very easily, it has been there for 7 years with the owner absent.
Financing
Send me your offer
Support & Training
The training period that you feel comfortable and confident
Reason for Selling
Retirement
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Frank Romero
Frank Romero