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For Sale: Dry Cleaner - Established By Seller In 1986 - Los Angeles, California

$179,000.00

Asking Price

  • Address: Los Angeles,

  • Status: Active

  • Posting ID: 285221

  • 2/16/24

Los Angeles Dry Cleaner - Established By Seller In 1986 Business For Sale
Dry Cleaner - Established By Seller In 1986 Company For Sale
Los Angeles Dry Cleaner - Established By Seller In 1986 Companies For Sale
Buy, Sell A Dry Cleaner - Established By Seller In 1986 Business

Description

The business at this location, established by the seller in 1986, operates with the collaboration of one employee and two brothers, making it ideally suited for a husband-and-wife team. The dry cleaner plant is open for only five days a week, from Monday to Friday, with operating hours from 8:00 am to 5:30 pm, totaling 47.5 hours per week. It is near Park La Brea.

Sales transactions are primarily conducted through credit card sales, with the 1099 K Credit Card Sales amounting to $292,626 per year in 2021, $354,683 per year in 2022, and $310,569 per year in 2023. The business experienced a disturbance in 2023 due to a four-month strike in the movie industry from June to September. The average 1099K credit card sales for the years 2022 and 2023 amount to $332,626 per year. Over the last three years, including the pandemic period in 2021, the average annual 1099K credit card sales amounted to $319,200.

Currently, the lease is on a month-to-month basis, but there is the possibility of securing a brand new lease with a 5-year + 5-year option for qualified buyers. The monthly rent includes a base of $5,380 plus additional charges, totaling $6,830 per month. Additionally, the seller will pay off the Hydrocarbon Dry Cleaning Machine during the escrow period.

For further inquiries, please feel free to email me.

To get more information about this Dry Cleaner - Established By Seller In 1986 business for sale in Los Angeles please phone James Kwon (Broker - BRE License #:01382901) at 213-327-5400 Cell and 213-327-5400 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285221 on BizBen.com. In addition to phoning James Kwon, make sure you email James Kwon above to get more info about this Dry Cleaner - Established By Seller In 1986, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01382901. Equity Realty Inc..

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Contact

  1. Name: James Kwon
  2. phone iconPhone: 213-327-5400 Cell
  3. phone iconPhone: 213-327-5400 Text

Details

  1. Asking Price: $179,000.00

  2. Down: $179,000.00

  3. Cash Flow: $125,000.00

  4. Revenue:    $332,626.00

  1. Area: Los Angeles

  2. City: Los Angeles

  1. Attributes:

    Training & Support

My Notes About This Listing

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Related Links & Information Regarding This Posting

Email James Kwon Below About This Posting


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