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Multi Account Dry Clean Plant W Seller Financing
GARFIELD, NJ
BERGEN County
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| Asking Price: | Annual Revenue: |
| $295,000 | $451,027 |
Services: Dry Cleaning & Laundry
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RE: Multi Account Dry Clean Plant W Seller Financing
Contact: Douglas Bodner
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $451,027 | |
| Net Profit: | $110,166 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 28 | |
| Employees: | 9 | |
| BBN Listing #: | 55332979 | |
| Broker Reference #: | 6321DB |
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Business Overview:
This is a great opportunity to own a well established Dry Cleaning Plant on a high traffic main road in Bergen County with both commercial and residential areas nearby. The owners have been in business for 28 years, with the last 14 years in the current location. The business is 75% wholesale and 25% retail. The operation is run by the full time owner and has 16 long term accounts which include laundromats, delivery routes and dry clean drop stores. The clients consistently pay weekly.
This 6,000 square feet stand alone facility is fully equipped for volume with well maintained equipment (valued at $130,000) that includes 2 dry clean machines (organic & perc), hot head press, 4 utility presses, a double buck, 3 collar & cuffs, 2 sleevers, boiler, compressor and more. Alterations are outsourced. The sale also includes a Chevy Express 3500 truck.
The owner reduced the client base several years ago for personal reasons. As a result there is tremendous upside potential for an experienced, savvy owner operator to take advantage of the large space, experienced team, and equipment to double the existing client base. The seller also owns the property, valued $620,000, and is willing to sell the property or provide a long term gross lease at $5,000/month.
Motivated seller is planning on pursuing a new business opportunity. The business is now offered at $295,000 with a down payment of $225,000 and the seller will finance the $70,000 balance, terms negotiable.
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Reason for Selling:
Owner entering into a partnership and pursuing oth
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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