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Dry Cleaning Plant - Family Run

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $132000
Net Profit / Cash Flow  $84000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2003
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks, 40 hours per week.
Reason for Sale  Relocation to San Francisco.
Description  Simple husband and wife team bring home the bacon running this dry cleaning plant full time, 6 days a week. Relies exclusively on the surrounding neighborhoods for business, about 85% cleaning revenue, 15% alterations. Wife of the team is a seamstress and takes care of all adjustments in-house. 45 pound Lindus machine, 2 years young included. Over $90,000 worth of FFE comes with the business and the purchase price. Favorable lease on a per square foot basis, with a solid relationship with a friendly landlord. All permits are current and up to date, has been with current owners for the past 5 years, 10 years total at the premises as a dry cleaning business. Currently no advertising or marketing is being done, so the sky's the limit to do promotions, coupons, grocery store receipt promo's, etc...to drive additional revenues and traffic under new management. NDA is required for exact business address and to visit as A CUSTOMER ONLY! Do not interrupt Sellers course of business with questions, a formal Buyer/Seller meeting can be arranged easily with our Agent, Tony Madoyan. Facilities: Full service dry cleaner plant, housed in a 1,450 square foot space in a shopping center. Competition/Market Pros and Cons: Dense residential area, with nearest competitor over a mile away keeps the local, consistent regulars coming week in, week out. Growth and Expansion Pros and Cons: Couple growth prospects. First would be solicitation of additional agency locations, presently only working with one agency. Second would be addition of commercial accounts. Walk-in traffic only. Support/Training: 2 weeks, 40 hours per week. Reasons for Selling: Relocation to San Francisco.
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