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Listed by:

Regal Consulting Corp.

Dry Cleaning For Sale

Union County, New Jersey, US
Asking Price:
$250,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$400,000 (USD)
Cash Flow:
$100,000 (USD)

DRY CLEANING, Wonderful opportunity to own a highly profitable modern dry-cleaning businesses in affluent area of Northern New Jersey in the county of Union. This has been a well-known family owned and operated modern Dry-Cleaning business. The dry cleaners have been in business since 1977 with a wonderful reputation for quality service and excellent fair prices. The business had an annual gross income of $590,000 for 2019 and a net income of $164,000. The owner is semi retiring to Florida after many years and will supply a smooth transitional period to the purchaser. The 2019 yearly gross income represented by the seller owner is $500,000 and the business has a yearly net income of approximately $164,000 based on an onsite owner operator and prior to any debt service. The 2022 gross income is projected at $400,000, and a formal due diligence is recommended by the purchaser.

Property Information

Real Estate:

Lease

Lease Terms:

The both businesses have an existing assignable 10-year commercial leases, expires 2030 plus additional options, with a monthly rent of $6,000, rent security is approximately $18,000.

Leasehold Rent:

$72,000 (USD) per annum

Lease Rent:
$43 (USD) per sq ft per annum
Location:

The facilities consist of 1,700 square feet in an attractive commercial setting with private parking as part of the lease agreement. The plant facility is fully modernized with updated equipment to conduct it services and an attractive walk-up counter for convenient service. This business is located in an upscale area of Union County, New Jersey on an active commercial avenue and county road close to various state highways. The cleaners have an excellent location close to various communities with a continued need for these services.

Size in square feet:
1,700

Business Operation

Expansion Potential:

With a more aggressive marketing plan the business can be further improved and developed representing a high net profit to the owner operator.

Competition / Market:

The facilities consist of 1,700 square feet in an attractive commercial setting with private parking as part of the lease agreement. The plant facility is fully modernized with updated equipment to conduct it services and an attractive walk-up counter for convenient service. This business is located in an upscale area of Union County, New Jersey on an active commercial avenue and county road close to various state highways. The cleaners have an excellent location close to various communities with a continued need for these services.

Reasons for selling:

Owner retiring

Trading hours:

With a more aggressive marketing plan the business can be further improved and developed representing a high net profit to the owner operator.

Employees:
With a more aggressive marketing plan the business can be further improved and developed representing a high net profit to the owner operator.

Other Information

Support & training:

The seller will remain after closing and supply a long-term transitional period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner financing

Furniture / Fixtures value:
$170,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000 (USD) - included in the asking price

Contact Regal Consulting Corp.

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