*** SOLD ***
Full Service Dry Cleaners Established for Over 26
Listing: #LA2259
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About this Business for sale in San Fernando Valley
Full Service Dry Cleaners Established for Over 26Full Service Dry Cleaners established for over 26 years, in a major shopping center of Northridge. Under current owners for 18 years. This plant is fully equipped with 40 lbs Perchloroethylene dry cleaning machine, washer & dryer, gas fired boiler, air compressor, 9 shirt pressing equipments, Drapery steaming machine & sewing machine. All equipments are about 15 years old. Dry cleaning machine will have to be replaced in 2011 at a cost of $45,000. The city will subsidize it by $15,000. The Rent is only $2,250 per month. Water is included in the rent. This is a high volume dry cleaners with repeat customers. About $90,000 of the annual revenue comes from drapery cleaning and the rest is over the counter business. Over $120,000 annual cash flow. Current owners are moving to Florida to be with family The current owner does no advertising So lots of potential to grow the business through local advertising. It`s a steal at $120,000. Hurry, this one won`t last.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.