Business Summary:
This is a family run Dry Cleaners/Tailoring business established in 1989. The hours of operation are Monday to Friday 7:30A - 7:00P and saturday 8:00A - 6:00P. Store offers same-day service and even 2-3 hour service. Business is being run by both owners directly and includes established, loyal clientele. Owners are willing to provide support & training for 30 days. First year net income could exceed $70,000. Business has a POS system in operation for 2 1/2 years and accepts Visa/MC/Discover/Debit card transactions. Business also uses a computer software system to track all orders and sales. All dry cleaning and expert tailoring done in-house (on-site). Store also has Alarm Monitoring System through Escort Security. New $12,000 boiler installed in 2008. Rent is $1,884 with 4 years left on current lease, with option to renew for 10 years. Utilities are very low. Store runs its plant 6 days a week, from open to close. Store is 1,500 sq ft (which includes full basement) and includes all certifications and permits. There are no violations and business has clean record. Good Bronx location near #2 and 5 trains (3 stops to Manhattan), and BX6 bus line on busy street. New area co-ops near completion just 5 blocks away that will house hundreds of tenants. Location gets plenty of foot traffic from main shopping area. Plenty of room for expansion by extending store hours; offering delivery service; doing the work yourself; offering tuxedo rentals; adding ATM and/or vending machine; increasing pricing; advertising locally; etc. Owners are very motivated to sell because they are elderly and are ready to retire "yesterday!" This business is priced to sell and is a perfect "starter" dry cleaning business because of its small size and steady business. Owners are seeking $80,000 OBO. Potentially make back the purchase price in 18 months or less! This is net cash-flow at its best. Don't miss this opportunity!
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