Financing: $150,000.00 Down and All-down buyers only please!
Reason for Selling:Seller concentrating her efforts in other interest.
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.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.