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Modern Dry Cleaners For Sale

7/wk
Middlesex County, New Jersey, United States
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Asking Price$99,000
Revenue$200,000 Established2008
Cash Flow$65,000 Employees2 full-time
FF&E$95,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Partnership separation and a solid business opportunity to purchase this recently remolded retail dry cleaner in an active affluent area of Middlesex County, New Jersey. The business has been fully remolded and is prepared to increase its gross sales representing a wonderful cash flow to the owner operator. This nine-year-old business is very well known in the industry and is project to further increase its cash flow to the owner operator. This industry does not require government licensing approval to purchase or operate. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,470. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $3,000 cost per square foot is estimated at $21.82, and rent security of approximately $5,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,650 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking on site as part of the commercial lease. This successful retail dry-cleaning operation is active six days per week, with hours from 8:00 am to 6:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2016 yearly gross income is $200,000 and the business has a yearly net income of approximately $65,000 based on an onsite owner operator and prior to any debt service. The business has been valued at $99,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
Facilities:This successful retail facility which consist of approximately 1,650 square feet has a modern and clean appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Although competitors presently exist in the industry, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a very limited marketing plan, no web site and no delivery system, if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:May be available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the partnership separation.
Ad #100627
Seller Reference #DRCL174
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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