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Dry Cleaners Business For Sale

Passaic County, New Jersey, United States
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Asking Price$150,000
Revenue$150,000 Established1995
Cash Flow$70,000 Employees3 full-time
FF&E$95,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Dependable business opportunity for this ten year old retail dry cleaners business located in Northern New Jersey and in the county of Passaic. This successful commercial dry cleaning plant facility is located on an active state highway and has a consistent income to the owner operator. The owner is retiring and will training and consider financing to a qualified buyer. This dry cleaner business has a gross yearly income of $150,000 and a consistent net yearly income of $72,000. Twenty five (25%) percent of the yearly business income represents wholesale client service and the business has approximately 175 listed active steady clients. This particular business has three employees, two part, one full who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,600. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $2,790 and rent security $4,500. The business is located in an active modern commercial mall on a US state highway, the facility which consists of 2,000 square feet has a capacity for fifteen customers. The sale includes a fully equipped commercial retail store, which has displays, various cleaning machines, 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 private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 7:30 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state licenses to conduct its day to day business. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator prior to debt service. 2014 yearly income is $150,000 and yearly net income of $70,000 prior to debt service. The business has been valued at $150,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This retail facility consist of 2,000 square feet with a clean professional physical appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Passaic County, which consists of various affluent communities with continued demand for this service industry.
Competition:To the best of our knowledge the owner believes, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business can further improve its wholesale position additional this cleaners has a limited marketing plan, poor web site and if improved can further developed the business bottom line corporate income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:Retiring after many years of success in this industry.
Ad #69961
Seller Reference #DRCL120
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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