Dry cleaning plant that badly needs a family & is cheap in Winter Park
Asking Price: | $65,000 |
Gross Revenue: | $72,000 |
FF&E: | $65,000 |
Cash Flow: | $24,000 |
Inventory: | $5,000 |
Established Year: | 1988 |
Dry Cleaners is located in the Winter Park/Maitland/Orlando area of Central Florida and is close to upscale properties & apartments that cater's to high-end clients & retirees that live in the area. The store is located in a very wealthy and also a mixed demographic area of high earners and professionals.
The store is located right in a trendy strip shopping area in the middle of the Winter Park Maitland and Orlando yuppie area. It is surrounded by single-family residential areas & a host of small business communities. The store is equipped with all the equipment you need, and it needs no fixing. The equipment is old but all working, & you do not have to replace anything. The store has been owned by the same owner for 27 years in the same location. You do not have to do anything & even if you know nothing about cleaning it has one employee that will do the work with the seller, & the seller will train the buyer in how to manage the store. It is truly a turnkey operation for somebody that wants to have his or her own business that has a track record of over 27 years in an industry that will not go away or be affected by Amazon or the internet. Dry cleaning has taken its knocks & is on the rebound the business can only go up with a new owner who can start a route or do some advertising or promotion as nothing in marketing has been undertaken for years. The location is second to none & surrounded by high-end earners & professionals that require the quality that the seller provides & the seller has been costing for years. This is a full-price cleaner & should be doing twice the gross for the service and quality it provides. The business does not have a route or a pickup service & has the capacity to produce 50% more work if a buyer acquires one or started one up.
Gross sales are about $6,000 a month at a profit margin of at least 50%. (Seller can prove income).
A new lease will be required as the present lease expires in September this year.
Employees: One part-time employee that is paid $160 a week can be retained, or the money can be kept in the family.
Rent $2,100 including Sales tax and property tax. But will increase with a new lease.
Hours 8:00 am to 5:00 pm. 6 days, Saturday 8:00 till 2:00 pm closed on Sunday.
The store’s inside is 1500 square feet.
Inventory of approximately $1,000 supplies & clothing on the rack of about $5,000.
The reason for the sale is that the seller will be retiring as soon as the business sells.
Utilities (gas, water, and electricity) are approximately $220.00 per month.
Insurance is $1,800.00 a year.
Sales tax average monthly paid $120.00, Paid only on taxable items.
Profit to the owners is $1,500 to $2,000 each per month. ($15,000 to $24,000 a year) with the owner working 40 hours.
The seller is not offering any financing on the business but may on the inventory or collect the money while training or handing over the business.
The books & records & all income & expenditures are very well documented by the sellers & a buyer will be able to visit the store for a week to verify the income after an offer is in hand.
Equipment, fixtures, & fittings at fair market value including the 30 lb. dry cleaning machine plus any leasehold improvements are at a value of $35k but are included in the sale price.
The customer base is a combination of regulars that live in the area, retirees, & business owners, & number about 500 active customers. Owner’s benefits average over $1,000 per month. ($12,000 to $15,000 a year).
The seller will stay & assist a buyer for one week at no charge to make sure that there is an orderly handover of the business & the employee knows all about the business and will stay if required.
The equipment is in very good order, & it will all be working on the day of sale and consists of a Perk 30lb dry cleaning machine, a shirt machine, two hot presses, a cash register with the software program, and a finished clothes conveyer belt.