Import And Wholesale Company - Established 2006

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.

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.