MergerPlace

Dry Cleaner Plant/Drop

New Jersey (Morris)


  • Asking Price: $159,000
  • Gross Income: $170,000
  • Cash Flow: $71,502
  • Real Estate: Not Disclosed
  • Inventory: $3,500
  • FF&E: $100,000
  • Listing ID: #205984
  • Established: 32
  • Employees: 2 P/T

Business Description

Organic Dry Cleaning Plant/Drop Store in a high-traffic strip mall off a busy thoroughfare. SALES: 70% Retail (incl. 5 home deliveries) & 30% Wholesale. Store has a 5 star rating on Google saying the staff is very courteous & the service is wonderful. Run by a husband/wife team. Female owner has a health issue prompting the sale. FURNITURE, FIXTURES, & EQUIPMENT valued at $100,000 along with a Ford Econoline van are included in sale. All equipment is in very good condition. Hydrocarbon dry cleaning machine is only 3 years old. New qualified tenant should get a long term lease thru the 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: 32
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 P/T

Financial Information

Asking Price: $159,000
Gross Revenue: $170,000
Cash Flow: $71,502
FF&E: $100,000
Inventory: $3,500
Seller Financing Available: Yes

Property Information

Facilities:

Approximately 3,000 square feet. All Furniture, Fixtures, Equipment, and a van are in very good condition and are included in sale. The hydrocarbon dry cleaning machine is only 3 years old and runs great. Plenty of strip mall parking. Owners have 4 years left on their 5 year lease with one (5) year option.

Growth & expansion opportunities:

A new owner should expand the wholesale business as they would have the capacity to do so. Some local voucher advertising would be a plus.

Competition:

There aren’t any plants within a couple of miles of this plant/drop store. There’s one drop store directly across the highway with a divider in the middle of it.

Reason for selling:

The female Seller has a health issue and her husband prefers to not run it by himself.

Support & Training:

The owners will provide at least two weeks training to a new Buyer at no cost.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers