Wet Cleaning Plant in a Busy Upscale Neighborhood

Full services wet cleaning plant in Beverlywood, located a few blocks south of Beverly Hills on the Westside of Los Angeles surrounded by Culver City and Cheviot Hills. The dry cleaners has been in operation since the 70's and is located on the corner of a busy major street with lots of street traffic for high visibility. It is on a route which is taken by residents of Beverly Hills and Beverlywood to enter the 10 freeway which is a block away. It is also located next to a high school which maximizes exposure to the neighborhood. Newer wet cleaning machines were installed recently to conform to new California regulations. The value of all equipment used in the business on a daily basis is approximately $80,000. Rent is below market rate by more than 50% and owner has guaranteed the same low rate for at least 3 years. The reduced rent value in 3 years is approximately $108,000. The large interior has potential to be revamped to your style with a little elbow grease. This business has generated $25k in revenue until owner's husband passed away and managing wholesale accounts became too much on her own. This business is perfect for anyone with a large network to secure wholesale accounts and help operate a pickup and delivery service which can easily turn the operation into a $30k+ revenue generating a month business. We are open to offers for cash buyers or buyer's who can secure their own financing. BONUS!! There is a small room with a separate entrance facing the major street that is included in the rent. It can be used as another small business to take advantage of the high school foot traffic and the major traffic from the commuters. Some examples of usage are Boba Shop, Cell Phone Accessories/ Repair Store, Stationary and Accessories Store, Clothing and Accessories Store. You can also use it to display and sell clothes that are abandoned by customers along with other inexpensive clothing options that are perfect for teenagers from the high school. We are currently not taking advantage of this room due to limited manpower but using it as a cell phone repair store front can generate between $50-$65,000 in net profits per year according to Google. Location: Los Angeles, California Year Established: 1970 Number of Employees: 2 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 2,000 Rent: $3,000.00 Per Month Lease Expiration: 3/31/2025 Facilities: Roughly 2000 square feet of interior with a separate room with it's own store front and entrance that can be used for another unrelated business. Assets include Miele Wet Cleaning machine and large capacity Miele Dryer along with pants and shirt machines with 2 pressing stations. Non commercial washer and dryer and sewing machine for tailoring also included. Market Outlook/ Competition: Most cleaners in the area are not using the wet cleaning method. According to Google, Millennials (75%) are willing to pay more for environmentally sustainable products and services, compared to Gen Z (63%), Gen X (64%) and baby boomers (57%). 77% of Americans are concerned about the environmental impact of products they buy. This is a wet cleaning facility and proper marketing will attract more customers to this cleaners. Growth & Expansion: This business has tremendous growth potential. Adding a pickup and delivery service can generate 10k-15k in additional revenue per month. Adding wholesale clients can add an additional 2k-3k per month on average per account. Marketing as environmentally friendly will gain even more loyal customers. Using the existing separate store front will generate even more revenue.