Dry Cleanners:Highly Profitable, Netting $140K, Prc $329K, Whittier

Whittier, CA
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Asking Price:$329,000
Gross Revenue:$306,000
Rent:$4,000
Cash Flow:$140,000
Inventory:$8,000
Established Year:2018
BUSINESS DESCRIPTION

> Well-established dry-cleaning plant located in a high traffic shopping center surrounded by dense residential and upscale neighborhoods in Whittier.
> One of the highly efficient laundry models that can generate profits of more than $11,600 per month with monthly sales of $25,600.
> High profit margin price: pants $6, suit $17.50, dress $16.75, shirt $6.25, special dress $85
> Updated equipment-Miele Commercial Washer and Dryer, a new boiler installed in 2022, and all equipment is in excellent working condition.
> Bank financing available easy.
• Sales
Monthly gross turnover is $25,600 on average.
• Income
Possible monthly net income is $11,700 on average.
• See below for more details.
> Rent is $4,000/mo, including CAM.
> The premises are 1200 sq. ft. in its size.
> Two and a half years remaining on the current lease, with an additional five-year option available.
> Business hours are Mon - Fri 8 Am to 7 PM, Sat 5 PM on Sat.
> Run by 3 employees and 1 owner.
> Established 30 years ago, seller has been operating for 6 years.
> Ample parking in front and in the shopping centre.
• Financing
A 5-year term business loan is possible.
• NDA (Non-dilclosure Agreement) is mandatory for a walk-by. Use attached NDA
• “Note”
> All information contained in this document is solely the result of P & L or verbal statements made by the seller.
> Action Realty Task, Inc.'s Brokers and/or its Agents make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided by our ads or agents.


ATTACHED DOCUMENTS
Non-disclosure Agreement.pdf Download

DETAILED INFORMATION
Location
Whittier, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
30/04/2030
Employees
3
Facilities
60lb Hydro Carbon Washer, Dryer, Forenta Shirts Machine, New Boiler, Dual Racks, Alternation works.
Competition
Competition in a 3-mile radius. After experiencing severe difficulties in sales and earnings for the dry cleaner’s business during the pandemic, it was believed that most of stores were severely damaged. Since post-pandemic, sales have continued to grow slightly each month. This recovery and slight upward trend is maintained until mid-2024.
Growth & Expansion
The business currently does little to no marketing, and the new owners have room to expand profits with aggressive marketing and launching a delivery service.
Support & Training
2 weeks after closing
Reason for Selling
Seeking downtime after 6-year operation
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Kevin
Kim
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Kevin Kim