Established Manhattan dry cleaning operation with 24+ years of proven success, generating $750,000 in annual revenue with exceptional $300,000 cash flow. This turnkey business features rare on-site washing and drying capabilities with 6 commercial washers and dryers, providing competitive advantages and additional revenue streams.

Business Highlights:
• Prime Midtown Manhattan location with 1,600 sq ft retail space
• Strong 40% profit margin with consistent 5-15% annual growth
• Owner-absent operation - staff manages daily operations
• Established customer base built over two decades
• Long-term lease security through June 2033
• On-site laundry processing reduces outsourcing costs
• Scalable business model with room for expansion

Financial Performance:
• Annual Revenue: $750,000
• Cash Flow (SDE): $300,000
• Monthly Rent: $11,000 (competitive for Manhattan)
• FF&E Value: $80,000
• Inventory: $15,000 (included)

Operational Advantages:
The business operates with minimal owner involvement, making it ideal for absentee ownership or owner-operators seeking work-life balance. The on-site washing and drying equipment provides cost control and service flexibility unavailable to most competitors who rely entirely on wholesale processing.

Expansion Opportunities:
Owner also offers route business and valet locations for additional acquisition, creating potential for vertical integration and market expansion across Manhattan, Brooklyn, and Queens.

Financing:
Seller financing available with minimum 50% down payment. Owner relocating, creating genuine sale motivation.

This represents a rare opportunity to acquire a profitable, established dry cleaning business in one of Manhattan's most desirable markets with proven systems, loyal customer base, and significant growth potential.

Updated Jan 2026
Midtown Manhattan Retail Store Location
$747,770.69 annual sales ($17,100) Invoice and Check) ($730,670.69 Retail Customer)
Rent $11k/mo, 1600 sq ft
6 washer and dryers in back to do onsite laundry
Sale Price $495k

Route Business (Manhattan, Brooklyn, Queens)
$692,117.95 annual sales ($124,260 Invoice and Check) ($567,857.95 Retail Customer)
All pick up and delivery
Sale Price $600k

Total Annual Revenue both $1.44 mil
Sale Price for both $975k

Valet Locations

Downtown Manhattan (Sale Price $55k)
Annual Package fee $48,000
Annual Revenue From Services $124,415.91

Downtown Manhattan (Sale Price $50k)
Annual Package Fee $43,500
Annual Revenue From Services $129,885.12

Midtown Manhattan (Sale Price $55k)
Annual Package Fee $59,988
Annual Revenue From Services $124,932.81

Downtown Brooklyn (Sale Price $100k)
Annual Package Fee $144,000
Annual Revenue From Services $127,539.50

Downtown Brooklyn (Sale Price $25k)
Annual Package Fee $52,800
Annual Revenue From Services $49,571.63

Total Revenue:$904,000 All Valets Sale Price $250k

Revenue Notes
Retail/Individual Customers $1,728,310.06
Contract/Billing $570,875.85 *includes package management fees for valets
Total Revenue $2,299,185.91

Expenses
Advertising & Promotion $10,215.89
Customer Reimbursement $1,500.00
Housekeeping Payments $89,815.44 2/3 cleaners on staff over last year
Insurance- Gen Liab $3,147.96
Insurance- Workers Comp $8,664.48
Insurance- Vehicle $4,478.36
Payroll – Salary & Wages $670,590.44 13 FT, 4 PT people (including 1 driver)
Payroll – Taxes $57,001.00
Rent Expense $128,259.72 34th st location, current rent
Software/Website $49,200.00
Supplies $4,499.37
Tailoring Payments $87,449.03 1 tailor
Telephone – Wireless $4,860.00
Utilities $17,377.14 Gas, electric, internet
Vehicle – Fuel $6,780.45
Vehicle – Repairs & Maintenance $3,259.65
Wholesale Cleaning Cost $528,925.87 35% of dry cleaning and shirt sales
Total Expenses $1,676,024.80

EBITDA $623,161.11