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#5495
Chico~Yuba City

Very Profitable Dry Cleaners in Butte County

$525,000
Very Profitable Dry Cleaners in Butte County
This Listing is Expired

Established High Margin Profitable Dry cleaners with a broad range of clientele. Well known in the community, loyal customers based on years of reliable and high quality service.

Prime Shopping Center Located in Family Friendly Butte County!

Owner is retiring from the industry and would like to offer this opportunity to a qualified buyer who has the capability to carry on the tradition of tremendous service its customers have come to expect. 

Serious opportunity for husband & wife or family operation with only 2-3 employees. Labor costs are low as owners have leveraged a program that offers training services to employees through subsidized employment programs. The subsidized employment program allows businesses to hire employees, provide on the job training, and receive assistance with the employee's wage for up to 6 months.

Great Reviews & Good pricing on all services.

All cleaning and alterations are done on premises. Alterations are a productive piece of the business and having experienced ownership with alterations will help to continue profits in that area. Ownership without full alterations on site may require outsourcing & seller can advise options in that area.

All the equipment on site to get it done...could add a computerized rack system to improve ease of operations, if desired.

Adding pickup & delivery service and commercial accounts will be a plus.

Increasing Sales over $500K...and cash flow over $250K...very low cost and overhead make this a Cash machine.

Limited competition in the area...well located...all kinds of great customers in a growing community.

Owners will provide some training to key aspects of their success...Previous Industry Experience would be preferred.

Great Rent $2,825 for approx. 1,800 sq. ft.all in.

SBA Loan should be available here.

Agent Scott Beaton

Lease

Region:
Chico~Yuba City
Lease Term:
January 31st, 2019 + 2 - 5 year options
Total Monthly Rent:
$2,859
Security Deposit:
$1,980

Financials

Last Year's Annual Gross:
$505,682
Last Year's Rent %:
7.2

Operations

# of Full-Time Employees:
5
# of Working Owners:
2
Hours Open:
Mon 6:30 am - 6:30 pm Open now
Tue 6:30 am - 6:30 pm
Wed 6:30 am - 6:30 pm
Thu 6:30 am - 6:30 pm
Fri 6:30 am - 6:30 pm
Sat 8:00 am - 3:00 pm
Sun Closed
Year Established:
2013

Facilities

Inside Sq. Ft.:
1,800

Highlights

  • Local Best Of
  • Low overhead
  • Good Lease
  • Money Maker!

Financing

Will SBA Finance:
Yes
Est. Annual Interest Rate:
7%
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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