Dry cleaning and Tailoring business for sale in Merrick, NY.
Approx. 1,100sf retail store with high visibility on Merrick Avenue.
Easy-to-run business, reasonable hours, and lots of potential.
No environmental issues, as all cleaning is done off-site.
Gas heat, wall A/C - 18,000 BTU, shared parking lot.
$3,100 rent, 4 years remaining on lease, plus a 5-year option.
Current gross is $125,000, but there's lots of room for improvement.
(Owners have no internet presence, do no advertising, and don't offer pickups and deliveries).
Partners are parting ways, and business must be sold.
Do not enter premises without an appointment. After 4PM preferred.
397 Merrick Avenue, Hempstead, (North Merrick), NY, 11566
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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