Hi Volume Dry Cleaner in Upscale Area
| Asking Price: | $579,000 |
| Gross Revenue: | $695,000 |
| Rent: | $8,700/Month |
| Cash Flow: | $180,000 |
| Inventory: | $20,000 |
| Established Year: | 1989 |
ANNUAL GROSS: $695,385/2023
MONTHLY RENT: $8,000 + $700 NNN
LEASE TERMS: 5+5 NEW LEASE
STORE SIZE: 2,600 SF
OPEN HOURS: 8AM-6PM MON-FRI / 8AM-5PM SAT
EMPLOYEES: 7 PT
WAGE: $26,000/MO + $3,500 (TAYLOR)
OWNER SINCE: 1989
REASON FOR SELLING: RETIRING AFTER 34 YEARS
FINANCING: 50% DOWN 50% LOAN
NOTE: OWNER IS FINALLY LETTING IT GO AFTER 33 YEARS IN BUSINESS.
THIS BUSINESS HAS BEEN A GOLD MINE FOR THIS OWNER AND HE WISHES
THE NEXT NEW LUCKY OWNER CAN EVEN MORE SUCCESFUL.
TOP OF THE LINE EQUIPMENT. 2 COMPRESSORS, 2 BOILERS,
2 COMMERCIAL WASHERS, 1 COMMERCIAL DRYER, 3,500 SLOT CONVEYOR,
POS SYSTEM. NEW 65LB. DRY CLEANING MACHINE INSTALLED IN 2020.
OVER THE COUNTER IS AROUND $46,500 PER MONTH.
$12,000 IN WHOLESALE WITH 2 AGENCY ACCOUNTS.
HI INCOME NEIGHBORHOOD. USED TO GROSS OVER 65K BEFORE COVID.
BIG POTENTIAL FOR OWNER-OPERATOR. CURRENTLY EMPLOYEE RUN.
PRICES:
SHIRT WASH: $4 SHIRT DRY: $11.50
PANTS: $11.75 SUITS: $19.50
