1302 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$195,000
Revenue$197,312 Established1999
Cash Flow$71,420 Employees2 full-time
FF&E$175,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Solid business opportunity to own this long standing and highly successful retail dry cleaners company located in Northern New Jersey and in an affluent city of Bergen County. The business functions as a dry cleaning plant and has the capacity to complete all of the services at the facility. The business assets have an estimated value of approximately $175,000 and the sale consists of a fully equipped commercial retail dry cleaning business, which includes various equipment related to this industry, 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. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,300. The business has an assignable commercial lease which expires May 31, 2023 plus additional options, with a monthly rent of $4,252 and rent security $8,000. The Cleaners is located on an active commercial avenue which consists of 1,950 square feet and has a capacity for approximately thirty staff and customers. The facility has appropriate municipal parking near to the particular business. The business is active six days per week, with hours from 7:00 am to 6:30 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 highly dependable investment return to the owner operator prior to debt service. The 2015 yearly gross income is $197,312 and the business has a yearly net income of $71,420 based on an owner operator and prior to debt service. The business has been valued at $195,000, based on a multiple 2.8 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 modern & profitable retail dry cleaning facility which consist of 1,900 square feet has an attractive professional appearance. This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry.
Competition:To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no web site and if improved can further develop the business net income.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new operator. Also if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is relocating out of the general area.
Ad #86259
Seller Reference #DRCL137
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
Email Address