Dry Cleaner - Well Established, 33 Years

For sale is a dry cleaner that has been operated by the current owner for 35 years since 1989. The business has been at this Mid-Wilshire location nearby Beverly Hills for over 40 years. It serves consulates and official customers from Spain, Germany, India, South Africa, Colombia, Mexico, Israel, Brazil, Türkiye, Chile, Egypt, and many high-end clients. It is located less than 10 blocks east of Beverly Hills. The dry cleaner caters to high-end clientele with reasonable pricing: suits start at $18.00, pants at $7.50, and shirts at $3.50, $4.00, and $4.50 and up. The business employs two excellent part-time workers who have been with the company for 29 and 17 years, respectively. In 2022 and 2023, gross sales revenue exceeded that of 2018 and 2019, prior to the pandemic, with an overall 6% increase in gross sales revenue compared to pre-pandemic levels. The business was closed for three months in 2020 due to the pandemic and experienced a 20-23% decrease in sales in 2021 compared to normal years. In 2022, the annual gross sales revenue was $369,933, and in 2023, it was $403,360, averaging $386,646 per year or $32,220 per month over the two years. The average net income after all expenses for the past two years is $183,616 per year or $15,301 per month. The lease is good until December 31, 2027, with an option for a five-year extension. The base rent is $5,768 plus CAM (Common Area Maintenance) of $1,561.96, with an annual increase of 3%. SBA Loan is highly possible with a qualified buyer, No payment for any equipment, all paid off, and currently no POS because the seller is over 75 years old and all control by hand tickets, 5-6% of Gross Sales covered by Outside Service -Shirts, Shoe repairs, etc.  For further discussion, call or email.

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.