Need Help with Dry Cleaning business

AJ360AJ360 subscriber Posts: 1
edited August 2007 in Selecting a Business
There`s a Dry Cleaning business for sale for only $15,000.  Reason for it to be so cheap is that the husband is getting very sick and wife does not have time to run the shop.  Everthing in the shop is still good except the dry clean washer needs to be updated.  There`s a new law stating Perc is not legal in CA starting November 07.  It`ll cost me 40K to 65K to get a decent dry clean washer.   Location is great.  Owner says they were making 12K a month gross.  Net 4-6K.  This is without any advertising and all the business came from walk ins. 
What should I ask the broker before buying this business???  You`re help is greatly appreciated

Comments

Sign In or Register to comment.