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Asking Price$235,000
Revenue$291,183 Established1985
Cash Flow$85,000 Employees4 full-time
FF&E$188,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly profitable eco friendly dry cleaners located in an active commercial mall in an affluent community of Ocean County, New Jersey. This business opportunity has a consistent gross yearly income of $291,183 and a dependable yearly net income of $85,000. The business consists of an environmentally friendly dry cleaners and the sale includes a fully equipped modern facility with up to date equipment. For decades, customers and dry cleaners had no real choice but to clean clothes in harsh, petrochemical solvents with known health and environmental risks. Today with improved equipment and softer chemicals, dry cleaners offer an improved service to their customers. This business transaction includes a fully equipped eco friendly dry cleaning company with all of the required state of the art equipment necessary for high volume production. The dry cleaners retail store also has various equipment, 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 business presently has four employees who are unaware of the pending sale and fully expected to remain post-closing and monthly payroll is approximately $6,400. The sales include an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $3,650 and rent security $10,000. The dry cleaners are located in a highly active commercial mall and the facility consists of 1,690 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 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 expect to supply a thirty percent investment return to the owner operator prior to debt service. The business has a 2015 yearly income is $291,183 and yearly net income of $85,000 based on onsite owner ship and prior to debt service. The business sale has been priced at $235,000 based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. 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 highly successful retail facility consists of 1,690 square feet with a professional modern physical appearance. The business is in a mid-size commercial mall with various other active and successful businesses. The business has a private entrance and highly visible signage. This business opportunity is located in Central New Jersey, Ocean County on an active county road conveniently located close to various state highways. The general area consists of various highly populated communities with continued demand for this highly active personal service.
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 long term non-compete agreement to the purchaser.
Growth Potential:The business can be further developed with a web site, delivery service and an improved marketing plan.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional and training period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many successful and profitable years.
Ad #87013
Seller Reference #DRCL139
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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