MergerPlace

Organic Dry Cleaner Plant/Drop

New Jersey (Morris)


  • Asking Price: $429,000
  • Gross Income: $470,000
  • Cash Flow: $178,581
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $125,000
  • Listing ID: #205429
  • Established: 45
  • Employees: 4 F/T 2 P/T

Business Description

State-of-the-art Dry Cleaning Plant in a high-traffic strip mall off a busy thoroughfare. An anchor store will be coming in soon which should increase area traffic even more. 70% Retail & 30% Wholesale. The store has a 5 star rating on Google, Yelp, & Groupon with many wonderful, detailed reviews. FURNITURE, FIXTURES, & EQUIPMENT valued at $125,000 minimum along with a van are included in sale. All are in very good condition. Dry cleaning machine was purchased for $71,000 a bit over 6 years ago. Other equipment include: 3 washing machines, 2 pressing stations, large dryer, boiler, compressor, alteration machine, shirt machine, cuff machine, & a computer with a POS system. New qualified tenant should be able to get a long term lease thru landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Morris

Company Information

Year Established: 45
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 F/T 2 P/T

Financial Information

Asking Price: $429,000
Gross Revenue: $470,000
Cash Flow: $178,581
FF&E: $125,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

1,200 square feet. “All” Furniture, Fixtures, and Equipment valued at a minimum of $125,000 are included. All are in very good condition-dry cleaning machine is only 6 years old. Plenty of strip mall parking. Owner has 3 ½ years left on his lease after getting 4 ½ year lease assignment plus a 5 year option to renew it.

Growth & expansion opportunities:

This dry cleaner has seen tremendous growth over the past several months. They got 45 new customers in January 2018 & 36 new customers in December 2017 (during holiday season). A very large chain store will be opening up in the plaza within the next month or so. This will bring many more people to the strip mall on a daily basis.

Competition:

There are 4 other dry cleaners in the same town. 3 of them are within a mile of the store. This dry cleaners has a much higher rating on Google than the one other reviewed there. It’s the only cleaner who has its own website of the 5 of them.

Reason for selling:

Owner has other business interest.

Support & Training:

The owner will provide at least two weeks training to a new buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers