Financial Information


  • Asking Price: $440,000

  • Gross Income: $350,000

  • Cash Flow: $177,636

Description

This is a fantastic opportunity for someone looking to own a well-established business in central Suffolk! Here are the key points that make it attractive:

  • Established and Renowned: The shop has been around for over 40 years and is well-known in the community. This means you'll be inheriting a loyal customer base.

  • Multiple Services: Dry cleaning, shoe repair, and tailoring under one roof provide a convenient one-stop shop for customers, increasing potential revenue.

  • No Experience Needed: The existing staff is staying on, and the current owner will help with the transition and training. This makes it ideal for someone who wants to own a business but doesn't have experience in these specific fields.

  • Favorable Lease: Low rent with a long remaining term (17 years) keeps overhead costs low and provides stability.

  • Well-Maintained Equipment: Everything you need to operate is already in good condition, saving you from upfront investment costs.

  • Environmentally Friendly: No need to deal with complicated regulations because the cleaning process doesn't involve hazardous materials. Additionally, the option to upgrade to hydrocarbon machines suggests a focus on eco-friendly practices.

  • Light Involvement from Seller: The current owner only works about 20 hours a week, offering you a flexible business model that allows you to set your own schedule.

Overall, this is a well-run business with a strong foundation for future success. If you're interested in owning a business in central Suffolk and don't mind learning the ropes, this could be a perfect fit!

For more info Call/Text 631 236 8598 Joseph Mesi  / Email joseph@eastcoastbusinessbrokers.com

Property Information

  • Listing Number: 12310
  • State: New york
  • County: Suffolk

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