$500,000.00
Asking Price
Address: West Hills, 91307.
Status: Active
Posting ID: 276123
4/17/24
Description
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house. We do not do any wholesale work, We do have a route one day a week which a new person could expand,This plant is impeccably maintained to a very high standard and shows true pride of ownership.
SERVICES OFFERED:
Pickup and delivery (one day per week)
100% wet cleaning
Laundered Shirts
Alterations (We did not have a tailor last year, We hired one 3/1/24)
Household including drapes
Fluff & Fold service
Suede and Leather (on-premises)
Rugs
Shoeshine
Our prices are continually raised. These are our base prices:
Suits $24.45, Pants $10.20 D/C Shirts $8.75, Laundered Shirts $5,00. Dresses $15.20, Sweaters $9.50, Blouses $8.75
Rent $4,791.00 including cam charges
Hours 7-6 Monday - Friday 7-5 Saturday Closed Sunday
Employees: 4Full Time, 1 Part Time Driver
The owner is 77 years old and wishes to devote his time to other interests and investments, Owner works 2-3 hours per day. A younger person should be able to take this to the next level.
Do not listen to people who disparage wet cleaning. I have been in the dry-cleaning business for over 50 years and have been doing wet cleaning since the mid-'90s. It is much more profitable than dry cleaning. Water is cheaper than solvent and there are no permits, and you are 100% environmentally compliant, unlike dry cleaning. I have developed this system so that my counter people can clean loads.We use this plant to teach wet cleaning.SBA has approved this plant for $500,000. $300,000 down if you are a qualified buyer with good credit. I prefer an experienced operator but can provide excellent training.
We do all work on premises except alterations (absolutely no wholesale) .We grossed $517,000 and netted $200,000 in 2022. In 2023, we grossed $525,000 with no alterations, I expect our gross to increase to between $550,000 and $575.,000 without advertising. We have not advertised since before the pandemic. The cleaners around me have closed up, and there are two agencies that are about a mile away. A younger person should be able to make this grow. Because of my age, I choose to only work 2-3 hours a day. New video cameras just installed so we're able to monitor the store from my cell phone.
Excellent documentation can be provided,
For sale by owner with broker cooperation
$500,000
To get more information about this Dry Cleaner Shop - With Additional Services business for sale in West Hills please phone Nick Tirabassi at 818-297-9890 Cell and 818-297-9890 NoText - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #276123 on BizBen.com. In addition to phoning Nick Tirabassi, make sure you email Nick Tirabassi above to get more info about this Dry Cleaner Shop - With Additional Services, to ask any questions or request an appointment to see this business for sale. Thank you.
Contact
Details
Asking Price: $500,000.00
Down: $300,000.00
Cash Flow: $175,000.00
Revenue: $525,000.00
Area: West Hills
City: West Hills
Attributes:
My Notes About This Listing
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Revenue
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Min Liquid Cash
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Cash flow
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Revenue
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Down
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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