Dry Cleaner Nets $172,106

Not Disclosed, NJ
Bergen County

Active commercial avenue

Asking Price: Annual Revenue:
$595,000 $707,285

Services: Dry Cleaning & Laundry

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RE: Dry Cleaner Nets $172,106 Broker: Customer Service
Owner Financing is Available!
To be determined.

Quick Facts

Asking Price: $595,000
Annual Revenue: $707,285
Net Profit: $172,106
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $325,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 8
BBN Listing #: 96613909
Broker Reference #: DRCL240

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Business Overview:

Potential opportunity for EB-5 US Visa Investor
Long standing highly profitable Dry Cleaners in an affluent area of Northern New Jersey, Bergen County with a gross income of $707,285 and a $172,106 net yearly income to the owner operator. The owner is now retiring and will supply a full training period. This profitable Cleaners has provided the residents and surrounding towns with fast, affordable, and flexible dry cleaning and garment pressing services. The company offers an ECO-FRIENDLY system of cleaning services with a full delivery system. With a strong commitment to quality, their employees, and innovations within the industry stands at the forefront of the dry-cleaning industry with Green Solutions for every cleaning need. The company invested in green technologies and innovations that have low environmental impact. They are a family-owned business built on providing excellent personalized service, constant oversight, and a hands-on approach. Their knowledge on cleaning solutions for every fabric and stain removal ensures our customers receive the highest quality service in central NJ. This is a dependable safe business opportunity and based on the price, down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2019 yearly gross income as represented by the owner was $707,285 and the business had a yearly net income of approximately $172,106 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 income has increased 60% from the previous year and is expected to return to the previous year’s post pandemic and a formal due diligence is recommended buy broker.

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Property Features and Assets:

This business opportunity is in north central New Jersey, Bergen County on a highly active county road. This business facility consists of 2,200 square feet with a modern and professional appearance with a capacity of ten customers. The business is on a commercial avenue conveniently located for its various customers.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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