Hot Listing

Dry Cleaners with plant and alterations in Sherman Oaks

Asking Price$449,000

Cash Flow
$155,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$350,000

Inventory$9,000
Included in asking price
FF&E$135,000
Included in asking price
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Hot Listing

Dry Cleaners with plant and alterations in Sherman Oaks


Asking Price$449,000

Cash Flow
$155,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$350,000

Inventory$9,000
Included in asking price
FF&E$135,000
Included in asking price
Business Description
This is your opportunity to own a very well established Dry Cleaners with Plant and alteration business in a prime area of Sherman Oaks on a very high visibility shopping center. After 50 years in this business and 40 years at this location the owner is retiring. This business has the opportunity to keep growing, with a FULL service plant by offering services to outside agencies, advertising on Internet, mobile application, providing delivery and participating in coupons offerings.
The owner has been providing high levels of quality and service, which resulted in the continue grow of loyal customers.
All equipment is included on the sale and owner will provide training after the sale.
About the Business
Years in Operation
40
Number of Employees
3
Facilities & Assets
This is a partial list of equipment included on the sales price. 1 Cissel utility press, 1 Cissel form finisher, 1 three way puff iron,1 Unipress legger, 1 single puff iron,1 60lb HYDROCARBON dry cleaning machine, 1 Cissel spotting board, 1 9.5HP Parker boiler, 2 compressors, 1 REMA Vacuum (5 presses), 1 50lb Unimac washer, 1 Commercial ironing board, 1 mini boiler for toudh up), 1 Sankosha single buc shirt unit, 1 Unipress collar and cyff unit, 2 Conveyors (1 with 800 and 1 with 600 slots).
Market Outlook / Competition
Great location, loyal customers for the last 50 years and keeps growing.
Opportunities for Growth
At this time, current owner is not doing any advertising or delivery and still doing very well and attracting new customers.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,000
Rent
$8,000.00 per month
About the Sale
Seller Motivation
After 50 years owner is retiring
Transition Support
Owner will train Buyer after close of escrow up to 30 days
Financing Options
Current lease is month to month and Landlord willing to sign a new Lease 5+5
Listing Info
ID
2366535
Listing Views
1687

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Business Listed by: Gus Ohannessian

Listing ID: 2366535 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.