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Business for Sale Summary

Dry Cleaners and Tailor Shop for Sale in Suffolk C - 29748

Business Type: misc. servicel/non-classifiable,other business services,dry cleaning/ laundry services
Dry Cleaners and Tailor Shop for Sale in Suffolk C
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This business has received 60 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $150,000 Lease Remaining Register Free to View
Owner’s Cash Flow $90,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and

Business Description

QUICK SALE - DRY CLEANERS AND TAILOR SHOP. This dry cleaner and tailor business has been established for decades in an affluent part of NY and has been taking business away from the Manhattan Cleaners for years. In fact, it would be the perfect acquisition for an established Manhattan cleaner and tailor business. This business is located on a strategic corner that captures all the traffic. The owner does not advertise or have an online presence, is only open 5 days a week with minimal hours. They currently are not offering their tailoring services, no credit cards, no pick up and drop off huge room for revenue growth if operated successfully. The clientele is already established for the new buyer with a great book of business. The owner is throwing in the power plant that requires no chemicals because he is environmentally friendly and includes 2-double conveyors, 15 hp gas boiler, Washex washer, 2-pressers, dryer, 2-Suzies, puffer, spotting table, and more. There is little to no competition; especially, if the buyer wants to expand and do wholesale jobs for none competing areas. The buyer is guaranteed lease of $5,000 per month with negotiated terms with seller. The other expenses come to approximately $1200 per month with its current operation per the seller. This business also has a one and a half bedroom and one bath apartment attached that the buyer can utilize upon negotiation with the seller directly. Please be clear on this listing IT WILL NOT LAST LONG

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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.