Drop Store with Great Location

Not Disclosed, FL
Broward County

Asking Price: Annual Revenue:
$99,000 $115,144

Services: Dry Cleaning & Laundry

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RE: Drop Store with Great Location Broker: Andy Fischer

Quick Facts

Asking Price: $99,000
Annual Revenue: $115,144
Net Profit: Not Disclosed
Cash Flow: $14,955
Total Debt: Not Disclosed
FF&E: $55,500
Real Estate: Not Disclosed
Year Established: 2013
Employees: 2
BBN Listing #: 76144955
Broker Reference #: 1040-15380

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Business Overview:

Known franchise in dry cleaning. Excellent location in the Fort Lauderdale area. The seller owns a plant and is willing to establish a convenient agreement with the Buyer of the Drop store to process their clothing. Seller has no time to dedicate to the development of the business, so he decided to sell it. The franchise has a system for pick up and drop-off 24/7. A dedicated owner should be able to increase the business. A new store would cost $195k to set up. Royalties are 6% plus 1% advertising. Financials assume an owner operator.

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Property Features and Assets:

The drop store is located in the commercial are of an apartment building. Assets= $85.500

Market Competition and Expansion:

This franchise uses green solvents, and bio-gradable bags. They have a automatic drop off box that allow clients to pick up and deposit clothing 24/7, they do hand ironing. There are a couple of dry cleaners in the area. A dedicated owner and extra effort in advertising should allow the business to grow.

Reason for Selling:

No time to dedicate and develop the drop store.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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