Silver Water, LLC.
Listed by Silver Water, LLC.
$250,000
Cleaners
Details
APN 00424525000003020
Property Type Business for Sale
Sub Type Business Only, Other
NOI $120,000
Year Built 1982
Zoning CG
Business for Sale
Marketing description
24-Year Established Dry Cleaning Business | Turnkey | Prime Boynton Beach Location | E-2 Visa Potential Exceptional opportunity to acquire a well-established dry-cleaning business operating since 2004, located in a high-traffic shopping center in affluent Boynton Beach. Surrounded by Domino’s Pizza, Dunkin' Donuts, Chase bank and others, the business benefits from excellent visibility, steady foot traffic, and ample parking. Upgraded equipment, this fully turnkey operation is supported by a loyal, repeat customer base and a trained team (3 full-time, 1 part-time). Services include dry cleaning, laundry, alterations, and specialty garment care. Conveyor, boiler, water tank, commercial washer, washer & dryer machines, single single shirt, collar and cuff machines, 2 presser machines, Suzy and dry-cleaning machines. A Vacuum Machine, a compressor chiller, and a Puffer Machine. Gross Revenue: $220,000. FF&E (Furniture, Fixture and Equipment): ~$150,000 (included in sale price). 1,200 SF, low rent and utility costs. The Lease Term is through 11/27/2027, the Renewal Options are 3+3 or 5+5 extensions and landlord is willing to renew immediately. A COVID relief loan (approx. $333/month) was used to upgrade equipment and maybe transferable; already reflected in operating expenses. The owner provides training. Confidential sale. NDA and proof of financial capability are required to access detailed financials and due diligence materials. Information deemed reliable but not guaranteed.
Listing Contacts
Silver Water, LLC.
Listed by Silver Water, LLC.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
48%
Cap Rate
48%
ROI
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