Business For Sale

Profitable Dry Cleaners

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$315,000 $338,861

Services: Dry Cleaning & Laundry


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RE: Profitable Dry Cleaners Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer.

Quick Facts

Asking Price: $315,000
Annual Revenue: $338,861
Net Profit: Not Disclosed
Cash Flow: $126,000
Total Debt: Not Disclosed
FF&E: $210,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 12
BBN Listing #: 26973909
Broker Reference #: DRCL188

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Business Overview:

Modern fully equipped and highly profitable commercial dry-cleaning plant with a current gross income of $338,861 and a consistent yearly net income. This attractive retail cleaner is conveniently located and serving various communities in Middlesex County, New Jersey. They pride themselves with providing the best service to their customers and being environmentally responsible to the public they serve. They are fully up-to-date with the required state regulations and offer non-harmful cleaning agents to dry clean their customer garments. They have a full-service dry-cleaning facility with a modern plant on premises and all of the garments get cleaned and pressed on site. They offer professional service including same day Service to their customers. The company supplies Dry Cleaning, Laundry Wash & Fold, Wedding Dress Cleaning and Preservation, Custom Cleaning, Uniform Cleaning, Leather Cleaning, Draperies & Window Treatment Cleaning and Comforter and Bedding Dry cleaning. The transaction consists of a five year commercial lease which will expire 2026-01-01, plus additional options, with a monthly rent of $5,500 NN, cost per square foot is $18.85, and rent security $10,000. The company has on average twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, also the monthly payroll is approximately $18,000. The business assets has an estimated value of approximately $210,000 which is based on replacement cost . The business is active six days per week, with hours from 7:00 am to 7:00 pm. This is a dependable 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 prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

This attractive free-standing retail facility consist of 3,500 square feet with a clean professional appearance. The business is conveniently located on an active county road with various other commercial businesses. This business opportunity is located in central New Jersey, Middlesex County, which consists of various affluent highly populated communities with continued demand for this particular service.

Market Competition and Expansion:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.

Reason for Selling:

The sale is due to the owner's retirement.

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.

Documents:

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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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