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Asking Price:	$435,000 USD USA Dollars
Business for Sale Industry:	Services: Dry Cleaning & Laundry
Reason for Selling:	The seller is burnt out and would like to take som
Year Established:	1955
# of Employees:	2 P/T - 5 F/T
Yearly Cash Flow:	$113,525
Yearly Gross Income:	$364,000

Business for Sale Overview:

The owner has accumulated many customers through out his 10 years in business. The owner has at least 1,000 consistent customers in his database. The majority of his customers come from Bay Ridge and Dyker Heights. The customers are very pleased and satisfied with the quality of the owners services. New customers are procured through the owners advertising efforts. The owner is heavy on special door-wing brochures for his customer base. The owner employs one manager who opens the Laundromat, does the ordering for supplies, and oversees the entire staff. The owner employs 4 ladies who work full-time and are responsible for folding, cleaning, and packaging the laundry bags for the customer. The owner also employs 2 drivers who rotate shifts and do all the pick-up and delivery work. The two drivers work 3 days per/week each. The owners role in the business is over seeing the complete operation, maintaining customer relationships, and fixing or replacing any equipment that requires it.

Property Features and Assets:

The Laundromat is 800 sq. ft. with 23 machines total. There is one 50 pound washer, three 35 pound washers and eight 18 pound washers, a total of 12 washers, all Wascomats. There are eleven 30 pound dryers, all are American. The laundromat has one bathroom, a storage room and a side entrance to the dry cleaners. The dry cleaners is 800 sq. ft. with one steamed single buck Unipress machine. The cleaners has one bathroom and a fitting room.

Market Competition and Expansion:

Some suggestions for improvement included installing up to date equipment, and a new awning for the exterior of the business. Some interior renovations could be doe to add to the attractiveness of the business. Also for an owner operator adjustments may be made to the payroll if a new owner has already existing employees.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.