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Dry Cleaning Plant Plus Drop Store In Union County For Sale

Union County, New Jersey, US
Asking Price:
$315,000 (USD)
Sales Revenue:
$504,337 (USD)
Cash Flow:
$125,853 (USD)

Established Dry Cleaning Plant plus Drop Store. Price Reduced. Sales are up! Both stores are located in great locations with great parking. Turn key operations with all furniture, fixtures and equipment in place, including a 50 lb Multimatic dry cleaning machine (using DF 2000), an Itsumi BT-150 Single Buck Shirt unit, puffers, susie, 2 utility pressers, 1 hot head air dryer for compressor( takes out moisture and preserves life of all valves), 7.5 Air compressor, spotting board, Electrolux 65 lb washing machine (for wet cleaning and laundered shirts), 2 computers, 1000 slot conveyor, 400 slot conveyor, 2 sewing machines, 15 HP boiler, Instant hot water tube with no water tank (it uses steam from boiler to get hot water), exhaust fan, a new water purifier for waste water from dry cleaning machine with stainless steel return tank and much more. It would cost well over $375K to build these from scratch. Sales were lower in 2020 due to Covid, but the business is bounced back in 2021 with gross sales of $404,337.00 and an owner's cash flow of $125,853.00. These figures come straight from the 2021 tax returns. As of 5/18/22, trailing 12 months sales are approx $500K. One competitor has gone out of business and a second one is likely to close down in the coming weeks. This has led to an influx of new customers. These businesses are ideal for someone who understands the dry cleaning industry and the ability to open additional drop stores using the main location as the main plant. We are seeking a serious and financially qualified buyer with at least $275K in liquid funds. Seller financing is possible for a well-qualified buyer with good credit and a personal guarantee. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Retirement

Employees:
4FT
Years established:
1979

Other Information

Support & training:

Seller will train

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

315,000.00 Down & $115K over 4 yrs. @ 6%. Possible for a well-qualified buyer with good credit and a personal guarantee.

Furniture / Fixtures value:
$200,000 (USD)
Relocatable:
This business can be relocated.

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