Dry Cleaner (Drop Store) – Berks County, PA

Price: $128,000

Location: Berks County, PA

Industry: Retail

Listing ID: 02252020

It is a unique drop store dry cleaner business with 13 year of experience servicing the community. The Company is located in an 1,800 square foot store front in a strip mall in Berks County, Pennsylvania.  They offer dry-cleaning (in-store pickup and door to door delivery), tuxedo rentals, tailoring and laundry services. The dry-cleaning business currently works with a plant which allows a profit margin on shirts of over 100 percent and suits of over 250 percent.  The business maintains a full-time employee base of 1 individual, which is the owner, and 4 part time individuals.

Listing Details

Gross Revenue: $204,000

Cash Flow: $51,000

FFE: $15,000 (Included in Price)

(Included in Price)

Reason For Sale:

Retiring

Training & Support:

Will provide training

Operation

Year Established: 2007

Days & Hours of Operation: Mon - Friday 8:30 - 6:30 pm , Saturday 8:30 - 3:00 pm, Closed Sunday

Owner Hours Per Week: 40

Non-Owner Payroll: $18,793

Employees: 4 PT

Location

Security on Lease: 2000

Lease Option: At the end of the current term, There is an option to renew

Monthly Rent: 2300

Type of Location: Store front in a strip mall

Square Footage: 1800

Facilities Information:

The Company’s current operation is open Monday – Friday, 8:30 – 6:30 pm and Saturday 8:30 – 3: pm. Sales are broken down into: Dry Cleaning 70 percent, Tuxedo rental 25 percent and Laundry / Tailoring services constitute the remaining 5 percent of sales. The dry-cleaning business is 90 percent walk-ins and 10 percent pick up and drop offs. The pickup and drop off business, has the potential for exponential growth; however, it has not been marketed in 3 years. Currently it has approximately 100 individuals that take advantage of pick up and drop off service. The business spends approximately 1 percent of sales on advertisement. All new business is predominately from word of mouth or from its great location, which is visible from the street traffic.

Summary

Historical Summary:

The Company was founded in 2007.