Profitable Dry Cleaner/Laundry Service in Brooklyn

Price: $195,000

Location: Brooklyn, NY

Industry: Service Businesses

Listing ID: 06192020

This well-established professional Dry Cleaner offers laundry, tailoring, suede and leather cleaning, and alterations services.  It has been owned since 1984. The location has been a Dry Cleaning store for 60 years. Its located upscale area of Brooklyn in a high traffic neighborhood with nearby parks.  This Dry Cleaner has pick-up and delivery contracts with 3 hotels for staff uniforms and guests. Has contracts with nearby residential buildings for staff uniforms and tenants and a contract with the nearby courts for officers’ uniforms. Owner has decided to sell business due to retirement.

They are open Monday – Friday 7am to 8pm, Saturday 8am to 5pm, Sunday 10am to 2pm

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

• Asking Price: $195,000
• FF&E: $40,000 (Included in the Asking Price)
• Annual Cash Flow: $150,000
• Gross Revenue: $520,000
• Inventory at Cost: $16,000
• Employees:  1 Full-Time 3 Part-Time
• Monthly Rent: $7,500
• Security Deposit:$15,000
• Down Payment: Negotiable
• Open 7 Days week
• Building Size: 800 Sq Ft
• Established: 1984
• Reason for Selling: Retirement

 

*Dry Cleaning equipment needs to be updated to adhere to new regulations by January 1, 2021

Listing Details

Gross Revenue: $520,000

Cash Flow: $150,000

FFE: $40,000 (Included in Price)

Inventory: $16,000 (Included in Price)

Terms and Conditions?:

*Dry Cleaning equipment needs to be updated to adhere to new regulations by January 1, 2021.

Reason For Sale:

Owner is seeking retirement.

Training & Support:

Owner will provide training & support.

Operation

Year Established: 1984

Days & Hours of Operation: Friday 7am to 8pm Saturday 8am to 5pm Sunday 10am to 2pm

Employees: 4

Location

Security on Lease: 15000

Monthly Rent: 7500

Type of Location: Commercial Building

Square Footage: 800

Facilities Information:

Moderate Facilities.

Summary

Competition:

In a high trafficked area.