Dry Cleaners, Busy Location for 50 years – North Flushing, NY

Price: $95,000

Location: North Flushing (Francis Lewis Blvd), NY

Industry: Service Businesses

Listing ID: 10272020

Make Offer! Great Location with strong sales and consistent volume. Professional Dry Cleaning business offering dry cleaning, expert tailoring, & laundry services in addition to secondary services including leathers, and furs, comforters and blankets, shoe and handbag repairs. They are well known for profitable Bridal Gown and Formal wear services include fittings, alterations, cleaning and preservations. Very solid location presently run as a drop store with good margins. Great neighborhood, highly visible corner and strong sales. Drop off, delivery and some commercial work keeps this business busy through all seasons. For more information, please contact pvassallo@inbargroup.com.

Listing Details

Gross Revenue: $250,000

Cash Flow: $65,000

(Included in Price)

FFE: $30,000 (Included in Price)

Inventory: $2,500 (Included in Price)

Reason For Sale:

Owner is seeking other interests, consolidation

Training & Support:

Owners will train and support.

Operation

Year Established: 1970

Year of Last Acquisition: 1998

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

Owner Hours Per Week: 45-50

Employees: 3

Managers: owner-manager

Location

Monthly Rent: 3850

Type of Location: Business Service

Square Footage: 1300 plus basement

Facilities Information:

Highly visible corner retail location on main roadway. Full service dry cleaner operating as a drop store. There is a 60lb real star 4th generation dry clean machine in need of repair or replacement, two pressing & bagging stations, two pos systems, full service tailoring, dressing room, basement storage.

Summary

Potential Growth:

There is plenty room for potential growth.