MergerPlace

Profitable Drop Store

New Jersey (Somerset)


  • Asking Price: $132,000
  • Gross Income: $208,500
  • Cash Flow: $63,561
  • Real Estate: Not Disclosed
  • Inventory: $4,500
  • FF&E: $10,000
  • Listing ID: #211052
  • Established: 16
  • Employees: 3 part time

Business Description

Beautifully renovated drop store in a high traffic area of an affluent town. Plenty of strip mall parking. Owner has steadily increased his sales volume while lowering his overhead the past couple of years. Perfect for a husband/wife team or a plant owner looking to increase his routes. All conveyors, furniture, & fixtures valued @ 10k & Inventory of $4,500 included in sale. Payroll figure adjusted for owner-operator. Owner recently negotiated a new (3) year lease with one (3) year option. Landlord is willing to provide a similar lease situation.


Business Details

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

Company Information

Year Established: 16
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 part time

Financial Information

Asking Price: $132,000
Gross Revenue: $208,500
Cash Flow: $63,561
FF&E: $10,000
Inventory: $4,500
Seller Financing Available: No

Property Information

Facilities:

1440 square feet located in a strip mall with plenty of free parking. All conveyors, furniture, and fixtures are in excellent condition. The building itself is in wonderful shape and the store has been nicely renovated since the new owner took over 13 years ago.

Growth & expansion opportunities:

a new owner who presently owns a plant and also possible drop store and can buy this store to increase misroutes. If purchased by a husband and wife team, they could increase their customer base by advertising and promotion. A new owner can do the exact same thing. Both could even do this (who owns a plant) in some neighboring towns.

Competition:

There's a minimal, and there are only a couple of other dry cleaners within a several mile radius.

Reason for selling:

Owner plans to retire soon

Support & Training:

a minimum of 2 weeks at no cost to the buyer

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Seth Kain

Executive Business Brokers