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Legendary Dry Cleaners for Sale

New Orleans, LA
front view
front view
Asking Price:$150,000
Gross Revenue:$275,000
Rent:$4,000/Month
Established Year:1937
Cash Flow:$25,000
Inventory:$20,000
FF&E:$100,000
Listing ID: 1977796Listing provided by BizBuySell
BUSINESS DESCRIPTION

Has been in business since 1937 at same location

Customers are mostly professionals like Doctors and lawyers.
Mostly loyal customers and very pleasant atmosphere to do business.
Myself has been operating very pleasant 20years and plan to retire.
You will love to do business here with kind customers who appreciates your services always.

DETAILED INFORMATION
Location
New Orleans, LA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
11/05/2024
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All equipments are in good condition. Owner of the facility is living upsatairs and can lender their assistance when you need assistance.
Competition
This most prime location in New Orleans. Magazine st is New Orleans original business district and full of successful businesses around. Good restaurants and many famous fashion stores are located. Lot of walking traffic from tourists also year around. We do serve fashion stores also.
Growth & Expansion
Business has been down due to pandemic. Recovery has been slow but growth has been obvious. If you willing you can have drop stores opened up for you volumes. Since one dry cleaner had to close due to building fire.
Support & Training
Will train the owner at least 3 months. Will be attending until buyers are ready.
Reason for Selling
I am retiring after 20 fun years with good clients.
BUSINESS LOCATION
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jae kim
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