Business For Sale

Modern Dry Cleaners

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$99,000 $200,000

Services: Dry Cleaning & Laundry


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RE: Modern Dry Cleaners Broker: Ron Cervelli

Quick Facts

Asking Price: $99,000
Annual Revenue: $200,000
Net Profit: Not Disclosed
Cash Flow: $65,000
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 2
BBN Listing #: 14583909
Broker Reference #: DRCL185

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Business Overview:

Due to partnership separation there is an opportunity to purchase this recently remolded retail dry cleaner in an active affluent area of Middlesex County, New Jersey. The business has been fully remolded and is prepared to increase its gross sales representing a wonderful cash flow to the owner operator. This business is very well known in the industry and is project to further increase its cash flow to the owner operator. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,470. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $3,000 cost per square foot is estimated at $21.82, and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. This successful retail dry-cleaning operation is active six days per week, with hours from 8:00 am to 6:00 pm. The business has been valued at $99,000 based on a multiple of the net yearly income which includes the value of the specific business assets. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

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Property Features and Assets:

This successful retail facility which consist of approximately 1,650 square feet has a modern and clean appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Although competitors presently exist in the industry, to the best of our knowledge, due to various circumstances, 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. The business presently has a very limited marketing plan, no web site and no delivery system, if improved can further develop the business yearly gross sales.

Reason for Selling:

The sale is due to the partnership separation.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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