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Business for Sale Summary

Established Dry Cleaner with Tailoring Services - 36433

Business Type: owner financing available,dry cleaning/ laundry services
Owner Financing
Established Dry Cleaner with Tailoring Services
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Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $125,000
Gross Revenues $300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $52,000 Number of FT Employees Register Free to View

Financing

$125,000 Down and 50,000 for 5 years @ 8%

Business Description

This well-established dry cleaning business, equipped with a full plant and offering in-house tailoring, is located in a very affluent area. The business operates as an organic, environmentally friendly "Green Laundry." The current owner, with limited experience, has owned the business for only one year. They currently pay an experienced worker $700 per week, but a new owner with industry experience could manage these responsibilities themselves, potentially increasing profitability. An experienced buyer could net approximately $80,000 annually. The location also presents an excellent opportunity to expand services by adding pick-up and delivery options or opening one or two additional drop-off locations. For more information, contact Broker Jim Aloi at 631-375-4100.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.