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Business for Sale Summary

Drop-Off Dry Cleaners on Manhattan's UES - 28029

Business Type: best deals!,absentee business,new to market,dry cleaning/ laundry services
Drop-Off Dry Cleaners on Manhattan's UES
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This business has received 119 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $362,790 Lease Remaining Register Free to View
Owner’s Cash Flow $62,000 Number of FT Employees Register Free to View


$150,000 Down and All-down buyers only please!

Business Description

This Absentee-Run Drop-Off Dry Cleaners on Manhattan's UES has continued to have year over year sales growth. The seller only comes to the store once a week and for only 2 hours at that. She has another business on which she needs to concentrate all her efforts now. This store is open Monday-Saturday and closed on Sundays. Financials are totally verifiable. 80% of sales are on credit cards, 10% personal checks, and 10% in cash. Sales are broken down this way: dry cleaning (62%), laundered shirts (13%), wash & fold (14%), and alterations (11%). All dry cleaning and shirt laundering go out to a wholesale plant, which picks up from and delivers to the store twice daily. Same day service is therefore available. Wash & fold is outsourced in the immediate neighborhood to a laundromat. The 3 full-time employees (counter person - $610/week, delivery guy - $530/week, and tailor - $390/week) will stay on if you want to keep them as currently compensated. A husband and wife team that replaces the counter person and delivery guy would add another $60K to the $62K the absentee-seller is currently making. Alternatively, you can also enhance your profitability if you already have a wholesale plant with the capacity to handle this drop-off store's business. The landlord stands ready to give you a brand new 10 year lease starting at $10K per month, which is a more than fair rent for 1,000 square feet in this very affluent neighborhood. 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.