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Profitable Laundromat, Dry Cleaner & Shoe Repair

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $400000
Net Profit / Cash Flow  $100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1996
Number of Employees  4 - 5
Inventory  $120000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  As needed
Reason for Sale  Retirement
Description  Three profitable businesses in one! Dry cleaner, Laundromat and Shoe Repair. This business has been a fixture in the neighbor for years. The current owner has been there since 1996. The customer base is very loyal so the business enjoys lots of repeat business. The Laundromat has Dexter equipment that is only 5 years old so they require little to no maintenance. The Laundromat business can easily be increased by adding wash and fold. Both the dry cleaning and the Laundromat business can easily be increased by adding pick-up and delivery. The shoe repair brings in additional cash flow and traffic. It can easily be sublet or you can continue to run the operation. All numbers are provable! Gross Sales $400,000 Net Profit $100,000 NOW ONLY $249,000 For more information contact Bruce Miller, Bridge business & Property Brokers, at 516-319-2282.
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