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Asking PriceUndisclosed
Revenue$980,000 Established2007
Cash Flow$285,000 Employees8 full-time
FF&E$170,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly profitable, professional non-toxic state of the art, dry cleaners with a gross income of $980,000 and a net yearly income of $285,000. This sale represents two retail shops in Manhattan and Brooklyn. The shops function strictly as drop off locations and all the cleaning is coordinated and completed off premises, at dry cleaning plants. This method gives the best results, even better than conventional dry cleaning. The clothing doesn’t change shape, shrink or stretch, fabrics keep their color and softness longer when cleaned with CO2, without fading, shrinking, pilling, or any residues. In fact, compared to traditional dry cleaning, CO2 cleaning can extend the life of the clothing 20% to 40%. Each store has a service area for free pickup and drop off service, and they service residential buildings anywhere in Manhattan and many locations in Brooklyn. They also offer expert tailor service, whether you need a quick hem, elaborate alteration or a custom designed suit or gown. Due to the state of the art nontoxic chemicals, this business transaction does not require government licensing approval to purchase or operate. This company has eight full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $15,383. Lease Terms, NYC: $9,813 monthly rent, expires in February 2018. Brooklyn: $2,750, new 5+5+5 lease.Each of the facilities are on an active commercial avenue with many other successful businesses and each site can accommodate approximately ten customers. Each business facility functions as a drop store which requires limited equipment to conduct its day to day business transactions. The dry-cleaning work is conducted at independent dry-cleaning plants out of the immediate area. The business fixed assets have an estimated value of approximately $170,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, holding racks, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.The facilities have appropriate municipal parking nearby to the business facilities. Each of the businesses have a six-day operation with hours from 7:00 am to 7:00 pm.The sale includes all required documentation including a certificate of occupancy from the municipalities and the required state or city licenses to conduct its day to day business.The business has been valued based on a multiple of 2.75 of the net yearly income which includes the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 32% investment return to the owner prior to debt service. Name is not included; however, all phone numbers and equipment are included in this sale. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The sale consists of two retail stores, Manhattan & Brooklyn, New York. Each facility is in a highly populated urban city with hundreds of thousands of residents. The shops consist of 1,000 and 850 square feet and function strictly as a drop off service location. Each of the facilities consist of a modern attractive retail shop with a walk up counter and rear storage area.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has an appropriate marketing plan, which can be improved to further develop the business yearly gross sales.
Training/Support:The seller / owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Is available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the corporate owner’s alternative business.
Ad #100294
Seller Reference #DRCL173
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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