Highly Profitable Dry Cleaners Palm Springs

Established for over 50 years, this highly profitable dry cleaning business occupies a prime 1,800 sq. ft. location in a busy plaza at the heart of Palm Springs, offering excellent visibility and easy access from all directions. The current owner has successfully operated the business for the past 13 years, streamlining operations to achieve approximately $430,000 in annual revenue and generating a net income of more than $240,000. Surrounded by several senior communities, the business benefits from a loyal customer base and presents significant potential for growth. A motivated new owner could further increase profitability by expanding services, such as introducing pick-up and drop-off options. According to the seller, all major machinery and equipment are in excellent condition, with most having been purchased after COVID.

Cleaning Operations - Dry Cleaners (w/Plant)

Listing: 5652 DZ

Down Payment: $499,000

Total Sales: $430,000

Cash Flow: $240,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

FFE Included: No

Inventory: $1,000

Inventory Included: No

Year Established: 1980

Days & Hours of Operation: M-F 8-5, SAT 9-2

Owner Hours Per Week: 2 to 3 half days

Non-Owner Payroll: N/A

Employees: 6

Lease Option: renewal option

Real Estate: N/A

Monthly Rent: $6,000

Type of Location: Plaza Unit

Square Footage: 1800

Reason For Sale:

Retirement

Training & Support:

Will train 2 weeks