Dry Cleaner - Owner Run Since 1989

This import and wholesale business was established in 2006 and has kept up consistent and steady back-to-back loyal clientele over the years nationwide, including Amazon and eBay vendors, as well as offline store owners. Business hours are less than 40 per week. The business is located at a 19,119-square-foot sized warehouse nearby the City of Carson, California. The rent is about $21,218, plus $400 for water and electricity. The current lease is good until 01/31/2027, with an annual increase of 3%. The current rent price is lower than average in the area. Business hours are Monday through Friday, 9:30 am to 4:30 pm. All customers are required to pay their freight charges upon receiving merchandise or pre-pay freight charges. Employee 1 has been almost a full-time employee since 2009, and sometimes if the seller needed more hands during busy times and get labor services time to time. The business price is negotiable, and the inventory currently on hand is way more than 1 million because the seller always keeps up all varieties in size, style, and colors. Gross Sales Revenue Year 2021 $1,091,105 Year 2022 $1,068,496 Year 2023 $789,762    *** 8.5 months business Closed 3.5 months Due to owner's hospitalization and life risk big operation out of USA Adjusted Net Income Year 2021 $388,393 Year 2022 $360,353 2yrs average $374,373 Year 2023 $217,617  Conservatively over $330,000 per year Net Income The business price is negotiable, and the inventory currently on hand is way more than 1 million because the seller always keeps up all varieties in size, style, and colors. We welcome sincere discussion for serious buyers with over $300,000 down after completion of NDA. SBA Loan is pre-qualified from the seller side, as long as the buyer qualified, Loan won't be a issue.

For sale is a well-established dry cleaning business, owned and operated by the same family for 33 years. The current aging owner is looking to retire, creating a rare opportunity for a high-income business. This old-school establishment processes 50-52% of its sales via credit cards but operates without a POS system. The business is supported by two loyal employees, one with 20 years and the other with 9 years of service. The clientele is approximately 90% African American and 10% Latino, contributing to a diverse customer base. Sales revenue figures are as follows: 2021 (Pandemic period): $452,700/year 2022: $505,760/year 2023: $510,195/year The average sales revenue for the past two years, post-pandemic, is $507,977 per year. It's challenging to find a business in the area generating this level of gross sales and net income. The current lease is valid until May 1, 2032, with a base rent of $4,232.32 plus CAM charges of $776.68, totaling $5,000 per month. There will be no base rent increase until after May 1, 2032. If new option years commence after this date, the base rent will increase by 5% annually. The business uses a Union 60LB hydrocarbon dry cleaning machine, and a new boiler was installed in January 2020. The seller will cover the cost of the remaining balance. The following financial documents are available for review: 3 years of Business Income Tax Returns 3 years of 1099-K Credit Card Sales Reports 3 years of Profit & Loss Statements Everything is in place to verify the business's success. Prospective buyers are welcome to observe operations in person. The price is reasonable, and while the business may appear unassuming, it generates outstanding income.