Suffolk Dry Cleaners & Tailor w/ 17 yr. Lease - Seller Retiring
Asking Price: | $440,000 |
Gross Revenue: | $350,000 |
Cash Flow: | $177,636 |
This is a fantastic opportunity for someone looking to own a well-established business in central Suffolk! Here are the key points that make it attractive:
Established and Renowned: The shop has been around for over 40 years and is well-known in the community. This means you'll be inheriting a loyal customer base.
Multiple Services: Dry cleaning, shoe repair, and tailoring under one roof provide a convenient one-stop shop for customers, increasing potential revenue.
No Experience Needed: The existing staff is staying on, and the current owner will help with the transition and training. This makes it ideal for someone who wants to own a business but doesn't have experience in these specific fields.
Favorable Lease: Low rent with a long remaining term (17 years) keeps overhead costs low and provides stability.
Well-Maintained Equipment: Everything you need to operate is already in good condition, saving you from upfront investment costs.
Environmentally Friendly: No need to deal with complicated regulations because the cleaning process doesn't involve hazardous materials. Additionally, the option to upgrade to hydrocarbon machines suggests a focus on eco-friendly practices.
Light Involvement from Seller: The current owner only works about 20 hours a week, offering you a flexible business model that allows you to set your own schedule.
Overall, this is a well-run business with a strong foundation for future success. If you're interested in owning a business in central Suffolk and don't mind learning the ropes, this could be a perfect fit!
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