945 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$450,000
Revenue$464,350 Established1989
Cash Flow$103,163 Employees12 full-time
FF&E$210,000* FranchiseNo
Inventory$1,200 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Modern fully equipped and highly profitable commercial dry cleaning plant with a gross income of $464,350 and a yearly net income of $103,163. This attractive retail cleaner is conveniently located and serving various communities in Middlesex County, New Jersey. They pride themselves with providing the best service to their customers and being environmentally responsible to the public they serve. They are fully up-to-date with the required state regulations and offer non harmful cleaning agents to dry clean their customer garments. They have a full service dry cleaning facility with a modern plant on premises and all of the garments get cleaned and pressed on site. They offer professional service including same day Service to their customers. The company supplies Dry Cleaning, Laundry Wash & Fold, Wedding Dress Cleaning and Preservation, Custom Cleaning, Uniform Cleaning, Leather Cleaning, Draperies & Window Treatment Cleaning and Comforter and Bedding Dry cleaning. 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 38% investment return to the owner operator prior to debt service. This industry does not require government approval to purchase and no particular licenses are required, however state inspections are necessary. This attractive free standing retail facility consist of 3,500 square feet with a clean professional appearance. The business is conveniently located on an active county road with various other commercial businesses. This business opportunity is located in central New Jersey, Middlesex County, which consists of various affluent highly populated communities with continued demand for this particular service. The company has on average twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, also the monthly payroll is approximately $28,000. The seller owns the property and will supply a new commercial lease which will expire 2026-01-01, plus additional options, with a monthly rent of $5,500 NN, cost per square foot is $18.85, and rent security $10,000. The business is located on an active commercial avenue, the property consists of 6,000 square feet and the facility which consists of 3,500 square feet has a capacity for approximately fifteen customers. The business assets has an estimated value of approximately $210,000 which is based on replacement cost and the sale consists of a fully equipped commercial dry cleaning plant which includes, a large assortment of equipment including displays, shelving, POS system, tables, computers, software and 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 business location has appropriate private mall parking on site which is part of new the commercial lease. The business is active six days per week, with hours from 7:00 am to 7:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state inspections to conduct its day to day business. The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator. The purpose of the sale is due to the seller / owner is retirement. The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income. 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. The 2015 yearly gross income is $464,350 and the business has a yearly net income of $103,163 based with an onsite owner operator and prior to debt service. The business has been valued at $450,000 based on a multiple of the net yearly income including 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 attractive free standing retail facility consist of 3,500 square feet with a clean professional appearance. The business is conveniently located on an active county road with various other commercial businesses. This business opportunity is located in central New Jersey, Middlesex County, which consists of various affluent highly populated communities with continued demand for this particular 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, no web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for 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 purpose of the sale is due to the seller / owner is retirement.
Ad #88536
Seller Reference #DRCL142
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.
973-837-0808
Name
Email Address
Message