High-Profit Dry Cleaner in Rapidly Developing Area in Mahnattan – Huge Growth Potential!
Located in a high-traffic area of Upper East Side, this well-established dry cleaning business is now available for the first time in decades. Boasting a remarkable monthly net income of $20,000, this is a turn-key operation that is already highly profitable even without active marketing or delivery services.
Key Highlights:
• Strong Financials: Consistent annual net income of approximately $240,000.
• Massive Upside Potential: Currently, the business operates without any active marketing or Pick-up & Delivery services. A new owner can significantly increase revenue by introducing these services to the existing loyal customer base and the expanding neighborhood.
• Prime Location & Future Growth: The shop is strategically positioned near several major residential development projects currently underway, which will bring a continuous wave of new residents to the immediate area. Additionally, the planned new subway station just one block away is expected to further increase daily foot traffic and local demand.
• Long-Term Stability: Successfully operating at the same location for 25 years with a rock-solid reputation in the local community.
• Spacious Facility: 3,000 sq. ft. main floor plus a 3,000 sq. ft. basement, providing more than enough capacity to handle increased volume from new delivery routes.
• Favorable Lease: 5 years remaining with competitive monthly rent of $9,000 (water included).
• Great Work-Life Balance: The owner and most of employees don’t work on Saturday as a few manages the Saturday shifts, offering excellent lifestyle flexibility.
Facilities & Equipment: The sale includes all specialized machinery and professional equipment (including Sankosha and other top-tier brands). The plant is fully equipped and has the excess capacity to handle high-volume wholesale accounts and a new delivery business immediately.
Reason for Sale: After 25 successful years of profitable operation, the owner is preparing for retirement, leaving behind a "money-making machine" with significant untapped growth potential for the next savvy owner.
Financial Summary:
• Asking Price: $650,000
• Monthly Net Income: $20,000
• Monthly Rent: $9,000 (Includes Water)
• Utilities (Gas/Electric): Approx. $3,000/month
This is a rare opportunity to acquire a business that is already a proven winner but has a clear path to even greater profitability through the area's rapid modernization. Contact us today for more details and to schedule a private viewing.