14832 MAGNOLIA BOULEVARD, SHERMAN OAKS CA 91403
- 8,677 sq.ft.
Property Description
MORE is pleased to present an established, full-service dry cleaning business for sale in the heart of Sherman Oaks. Operating at the same location for over 25 years, Rainbow Cleaners offers a turnkey opportunity in a high-traffic corridor with consistent income and long-standing customer loyalty. The 750 SF space includes backyard access, one restroom, and comes fully equipped with well-maintained machinery. Monthly rent is a low $2,100, inclusive of water, trash, and CAM, with 34 years remaining on the lease. The landlord is open to qualified new tenants and is also willing to extend the lease for an additional 10 years. The business generates approximately $180,000 in annual gross revenue and $100,000 in net income, supported by two part-time employees and one alteration staff. Equipment includes a dry cleaning plant, washer and dryer, shirt press, boiler, sewing machines, conveyors, and more all included in the sale. A contract is currently in place with a tuxedo rental company, and the current owner is willing to provide full training to ensure a smooth transition. Significant upside exists through expanding services such as delivery, marketing, or wholesale accounts. This opportunity is ideal for an owner-operator or a regional operator looking to expand their footprint in the San Fernando Valley. Shown by appointment only with proof of funds and credit. Do not disturb the business. Sale is As-Is. Buyer is encouraged to verify all information independently through inspections, due diligence, and professional advisors. Broker and Agent make no guarantees regarding the size, condition, financials, or features of the business or premises. Buyer and Buyer's agent to verify all details independently and to their satisfaction.
Listing Courtesy of John Ha, MORE®
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