Dry Cleaners, Laundry – Bronx, NY

Price: $115,000

Location: Bronx, NY

Industry: Service Businesses

Listing ID: 00803

Profitable Full-Service Dry Cleaner company located in Bronx County, NY.  This business specializes in dry cleaning, tailoring, laundry, fittings, and alterations. The location has great exposure in high traffic neighborhood.  This Dry Cleaner also offers pick-up and delivery service to residential homes, apartment homes, and condominiums.

The business has a fully complaint dry cleaning and laundry processing plant.  It consists of approximately 1300 Sq Ft and set up to handle high volume. Open 6 days week, the business has been owned and family operated since 1998 and benefits from an excellent reputation for high quality work, generating repeat business.

This business is priced to sell with a highly motivated seller. For more information please contact me [email protected]

• Asking Price: $115,000
• FF&E: $40,000 (Included in the Asking Price)
• Annual Cash Flow: $75,000
• Gross Revenue: $175,000
• Inventory at Cost: $1,800
• Employees:   1FT 1PT
• Monthly Rent: $3,300
• Payroll:$2,500 Per Month
• Down Payment: Negotiable
• Open 6 Days
• Building Size: 1,300 Sq Ft
• Established: 1998
• Reason for Selling: Retirement

Listing Details

Gross Revenue: $175,000

Cash Flow: $75,000

FFE: $40,000 (Included in Price)

Inventory: $1,800 (Included in Price)

Reason For Sale:

Owner is seeking retirement.

Training & Support:

Owner will provide training and support and ensure a smooth transition.

Operation

Year Established: 1998

Days & Hours of Operation: 6 days week

Non-Owner Payroll: $2,500

Employees: 1 FT 1PT

Location

Security on Lease: $6600

Monthly Rent: $3300

Type of Location: Single location

Square Footage: 1300 Sq Ft Total.

Facilities Information:

The business has a fully complaint dry cleaning and laundry processing plant.

Summary

Potential Growth:

This business has plenty of room for potential growth and expansion.