Dry Cleaner With 14 Years In Same Location Florida For Sale

Business description

The Martinizing Dry Cleaning trade name enjoys a highly respected reputation for its quality of service and quick turn around. This well located store has been a dependable community fixture since 1997 and has a very loyal client base. By providing pickup and delivery service, alterations and perhaps some advertising/marketing, the new owner can take this business to the next level.

Property information

Real Estate:

Lease

Lease terms:

Five year lease end in 2012. Additional 5 year options available

Leasehold rent:

$27,960 per annum

Leasehold rent:

$14 per sq ft per annum

Location:

Business is well located in a residential/retail stretch along major commute route.

Premises details:

The facility consists of 1950 square feet at the end of strip mall building and includes a drive through feature. There is a 5 year assignable lease in place with 5 year options to renew. Parking space is ample.

Business Operation

Expansion potential:

The Seller believes that the Buyer could improve this business by implementing the following:
• Implementation of pickup and delivery
• Offering Alterations
Marketing and advertising is not being utilized currently due to health of owner.This would also have an immediate positive impact on the revenues.

Competition / Market:

There are two direct competitors with two sites each. Due to the advantage of One Hour Martinizing, Subject Cleaners has faster and better recognized service than its competition. The Seller makes this overall conclusion regarding its position in the market:

Reasons for selling:

Owner's health

Trading hours:

Mon - Fri 7AM 7PM, Sat 9AM 3PM
Closed on Sunday

Employees:

2 FT - 1 PT

Years established:

14

Other information

Support & training:

The Seller will provide 2 weeks of training and orderly turnover to the new owner training, at 40 hours per week. Additional training/consulting is available from the Franchisor,

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$160,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)