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Business for Sale Summary

Drop-Off Dry Cleaner on UES - 28553

Business Type: dry cleaning/ laundry services
Drop-Off Dry Cleaner on UES
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $350,000
Gross Revenues $456,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and

Business Description

The seller of this long established Drop-Off Dry Cleaner on Manhattan's UES is ready to hand over the reins to a new owner. He is asking $350K for the business, which is only 2 times what he puts in his pocket annually. There are over 9 years left on the lease. Rent is only $4,500/month for this prime location. You can choose to continue with one or both of the wholesale plant to which the seller currently outsources or go with others. 90% of his sales are by credit card. Tailoring only accounts for 15% of those sales. You will be very impressed by how much business runs through this drop-off store, let alone the prices the current owner gets. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.