Dry Cleaners, Tailoring & Laundry, Full Service – Queens, NY

Price: $165,000

Location: Queens, NY

Industry: Service Businesses

Listing ID: 10272020

This well-established professional Dry Cleaner offers dry cleaning, tailoring, & laundry in addition to secondary services which include, leathers, and furs, comforters and blankets, shoe and handbag repairs. Bridal Gown and Formal wear services include fittings, alterations, cleaning and preservations. It has been owned since 1998. The location has been a Dry-Cleaning store for over 40 years. Its located in a high traffic neighborhood.  This Dry Cleaner has pick-up and delivery service to residential homes, apartment homes, condominiums, and businesses. Owner has decided to sell business due to retirement.

They are open Monday –Saturday, Monday – Friday 7am-7pm Saturday 7am-5pm
This business is priced to sell with a highly motivated seller. For more information please contact me [email protected]

• Asking Price: $165,000
• FF&E: $30,000 (Included in the Asking Price)
• Annual Cash Flow: $95,000
• Gross Revenue: $250,000
• Inventory at Cost: $1,000
• Employees: 1 Full-Time 2 Part-Time
• Monthly Rent: $3,750
• Payroll:$3,400
• Down Payment: Negotiable
• Open 6 Days week Monday – Saturday
• Building Size: 1300Sq Ft + Basement
• Established:1972
• Reason for Selling: Family reasons/retirement

Listing Details

Gross Revenue: $250,000

Cash Flow: $95,000

FFE: $30,000 (Included in Price)

Inventory: $1,000

Reason For Sale:

Owner is seeking retirement.

Training & Support:

Owners will train and support.

Operation

Days & Hours of Operation: Open 6 Days week Monday - Saturday

Non-Owner Payroll: $3,400

Employees: 3

Location

Monthly Rent: 3750

Type of Location: Business Service

Square Footage: 1300 plus basement

Summary

Potential Growth:

There is plenty room for potential growth.