1924 14Th St, Fernandina Beach, FL 32034
This thriving dry cleaning business in Fernandina Beach, Florida, presents a unique investment opportunity. Located within a bustling shopping center anchored by a Publix grocery store and surrounded by diverse retail establishments, restaurants, and a liquor store, this business enjoys exceptional foot traffic and visibility. The business boasts a strong, established clientele exceeding 4,000 customers cultivated over 30 years of operation, generating annual gross revenue exceeding $450,000. Services include dry cleaning, alterations, and tuxedo rentals, with dry cleaning processed off-site. The business utilizes Arbelsoft software for efficient inventory management. A stable, experienced workforce is in place and eager to continue. The current owner will provide one week of training to ensure a smooth transition. The business operates under a five-year lease with approximately 2.5 years remaining. This opportunity qualifies for an E-2 visa investment, and some owner financing may be available. The property itself is not for sale; this listing is for the established business and its existing lease. The business is situated at 1924 S 14TH Street, Fernandina Beach, FL 32034, in Nassau County. This is a turnkey operation ready for a new owner to step in and continue its success. The asking price for this established business is $349,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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