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OFF-MARKET
Specialty properties

0 Business Opportunity Pickerington, OH 43147

Property ID
Property summary
AI-generated overview

This exceptional business opportunity presents a well-established drop-off dry cleaning operation in Pickerington, Ohio. Located in a high-traffic area with a favorable tenant mix, this 1,400 square foot facility sits on a 108,900 square foot lot. The business boasts a loyal customer base and experienced staff, having operated successfully for 20 years under only two owners. The current owner is retiring, presenting a rare chance to acquire a turnkey operation. The sale includes all furniture, fixtures, equipment, leasehold improvements, a computer, and software. The monthly lease rate is approximately $1,845. Annual sales are approximately $264,000, with significant upside potential for a new owner-operator. The business is currently owner-operated. An accountant's valuation, as of June 30, 2024, places the value between $158,650 and $215,049. Detailed financials are available to qualified buyers upon execution of a Confidentiality/Non-Disclosure Agreement. The asking price is $195,000, plus inventory. This is a truly unique opportunity in a prime location. Don't miss out!

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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