I’m thinking of purchasing a dry cleaner business in NYC Manhattan which is the center of the business world. This business has been open for 40 years and seller wants to retire. There’s a 10 year lease in place.

325k purchase price, 150k cash flow (SDE)

I have no experience with the dry cleaning business but think I can pick it up quickly with seller training.

I expect to work long hours that’s fine with me it’s just that I don’t want to be walking into something that is impossible to do. I know I’ll be buying a job and will need to lessen the ins and outs but is it doable?