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Asking Price$155,000
Revenue$155,000 Established2000
Cash Flow$48,250 Employees2 full-time
FF&E$175,000* FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful dry cleaners’ business located in an affluent community of Bergen County, New Jersey and in an active commercial mall. The company has consistent gross sales and a dependable net income to the owner operator. The company offers same-day service and the experience to meet their customers’ specific needs with either drop off or choose our pick-up and delivery services. Presently family-operated business with more than 20 years of experience, they provide proven results on all cleaning services, and they make rush orders a high priority. This cleaner has numerous high-quality services at affordable prices including hand finished shirts, wash and fold, comforters & duvets, blankets & pillows, tablecloths & napkins, plate mats & table runners, any size area rugs, drapes & curtains. They also provide wedding gown preservation, and commercial uniform cleaning, apparel & embroidery. Their customers can drop off their items and rest assured that their professional staff will clean all items in a timely fashion. With this professional cleaner, their customers receive Home & Office free delivery service and do not have to leave home or workplace to do your cleaning. The company is environment as seriously as caring for your valuable garments. The cleaners offer appropriate environmental practices and they only clean Organically with 100% wet H2O. The business assets have an estimated value of $75,000 and consists of a fully equipped commercial retail plant, which includes 30-pound dry cleaning machine, ten hp Fulton boiler, two washers, one dryer, 2 conveyors, displays, shelving, POS system, tables, computers, 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. This retail dry cleaning plant retail business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,860. The business has an assignable commercial lease which expires 2016-01-01 plus additional options, with a monthly rent of $4,000 and rent security $5,000. The business is located in an active commercial mall, which consists of 1,250 square feet has a capacity for approximately fifteen customers. 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 7:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a dependable investment return to the owner operator prior to debt service. The 2015 yearly gross income is $155,000 and the business has a yearly net income of $48,350 based on an owner operator and prior to debt service. The business has been valued at $155,000 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, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This retail facility on an active commercial avenue in a modern mall, is now available which consist of 1,250 square feet with a modern attractive appearance. This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular personal service.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, moderate web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner has other businesses and has decided to downsize.
Ad #85991
Seller Reference #DRCL136
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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