Dry Cleaners: Asset Sale, Good Rent, Good Prc $79K, OC

Santa Ana, CA
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Asking Price:$79,000
Inventory:$3,005
Established Year:1975
Gross Revenue:$132,000
Rent:$2,300
BUSINESS DESCRIPTION

This 50-year-old dry cleaning plant has average monthly sales of $11,000. A good exposure at busy four crossing. Located in an area at the front of a nice looking, mid-sized shopping center surrounded by dense and middle-class neighborhoods. High traffic count. Decent profit margin. This Cleaners has everything that you have been looking for. Hydro-carbon Machine (45 lbs). All equipment is old but in good working condition. A recent soil test found no soil contamination. See below for a summary of business operations:
• Monthly gross turnover is $11,000 on average. As per seller,have not yet been verified by broker
• Possible monthly net income is
• Very reasonable rent is $2,300, including CAM.
• A good size. approx. 1,470 SF
• 3 years lease left-over plus a 4-year option
• 1 part-time and a dedicated owner work
• Ample parking in front and side
• Business loan: Own this business through as little as $40,000 down. Monthly amortization estimated at $870 over 5 years at 11% annum.
• “Note”
> All information contained in this document is solely the result of statements made by the seller.
> Action Realty Task, Inc.'s Brokers and/or its Agents or subsidiaries make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided by our ads or agents.


ATTACHED DOCUMENTS
Non-disclosure Agreement.pdf Download

DETAILED INFORMATION
Location
Santa Ana, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,470
Lease Expiration
30/09/2030
Employees
1
Facilities
Cleaners, Dryers, Shirt Machine, Press, Boiler
Competition
Yes
Growth & Expansion
The business does little to no marketing currently, and new owner will benefit from aggressive marketing
Support & Training
2 weeks after closing escrow
Reason for Selling
Retire
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Kevin
Kim
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Kevin Kim