Location: Berks County, PA
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.
Gross Revenue: $204,000
Cash Flow: $51,000
FFE: $15,000 (Included in Price)(Included in Price)
Reason For Sale:
Training & Support:
Will provide training
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
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
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.
The Company was founded in 2007.