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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 126 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $125,000
Gross Revenues $318,353 Lease Remaining Register Free to View
Owner’s Cash Flow $63,670 Number of FT Employees Register Free to View

Financing

$125,000 Down and All-down buyers only please!

Business Description

This Absentee-Run Drop-Off Dry Cleaners on Manhattan's UES could put twice as much as it's making now in the pockets of a full-time husband and wife team that could replace 2 out of the 3 employees there now, thus eliminating about $60K in payroll. The seller only comes to the store once a week and for only 2 hours at that. She has another business in Bklyn to run. 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 for customer willing to pay a premium. Wash & fold is outsourced to a laundromat in the neighborhood. The 3 full-time employees (counter person, delivery guy, and tailor) will stay on if you want to keep them as currently compensated. You can enhance your profitability if you already have a wholesale plant elsewhere with the capacity to handle this drop-off store's business. The rent of $8,996/month for 1,000 square feet is below market in this very affluent neighborhood. The landlord may consider extending the lease for a few more years or give you a brand new one at a slightly higher base rent. Please upgrade to premium membership to obtain the address and then feel free to discreetly visit the location without saying anything to the employees or customer, who do not know the business is for sale. Then, contact listing broker Jay Goldman to speak with the seller. Please call 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.