Price Reduced-Profitable Santa Monica Dry Clean Plant

Santa Monica, CA (Los Angeles County)

Price Reduced-Profitable Santa Monica Dry Clean Plant
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Asking Price: $239,000

Cash Flow: $144,183

Gross Revenue: $422,292

EBITDA: N/A

FF&E: $220,000

Inventory: $1,000

Rent: $5,680 per Month

Established: 1992

Price Reduced-Profitable Santa Monica Dry Clean Plant

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Business Description

Established Location 50+ years with Very Clean Equipment

Dry Clean Plant, and store in premium Santa Monica location with dedicated parking spots and lease term through Sept 30, 2023. Possibility of running month to month after September 2023. Location established as a Dry Cleaning Store for 50+ years. Priced as an Asset Sale with clean and well maintained equipment.

Annual Sales - $428,985
Net Annual - $144,362

Seller is retiring after spending a lifetime in the business, owning this one since 1997. Solid sales revenue and steady- clientele, fully trained staff and processes in place.

Completely remodeled in 2012 with premium leasehold improvements, great workflow layout, and like- new equipment that creates a turnkey plant operation, not often seen on the market.

Contact me to learn more.

Detailed Information

Location:
Santa Monica, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
9/30/2023
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This location established as a Dry Cleaner since the 1930s. Complete remodel of building in 2012.
Growth & Expansion:
Open Sunday and add pick up and delivery service. No promotions advertising has been done for recent years
Financing:
00.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Stephen Menges

Business Listed By:
Stephen Menges

Transworld Business Advisors of West LA

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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