Business For Sale

Franchise Dry Cleaners

Not Disclosed, NJ
Somerset County


Asking Price: Annual Revenue:
$595,000 $410,000

Services: Dry Cleaning & Laundry


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RE: Franchise Dry Cleaners Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer.

Quick Facts

Asking Price: $595,000
Annual Revenue: $410,000
Net Profit: Not Disclosed
Cash Flow: $146,500
Total Debt: Not Disclosed
FF&E: $578,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 8
BBN Listing #: 30893909
Broker Reference #: DRCL190

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Business Overview:

Two-year young ultra-modern franchise dry cleaning business with a very unique concept, green clean, no toxic chemicals. The projected income for the next twelve months is approximately $410,000, and an expected net yearly income of $146,500, and further increased sales within twenty-four months. The equipment is state of the art, less than two years young with a recent buildout cost of $575,000. With this franchise business opportunity, you are in business for yourself, but not by yourself. Their corporate team will be right there working with you to assure your success. In addition, you will be working with other franchisees to compare operational procedures and new strategies along the way. The cleaners offer a full line of services including Dry Cleaning, Shirt Laundry, Wedding Gown Heir looming, Leather and Suede Cleaning and much more. You will also have several additional revenue streams which include express pickup & delivery where you will be able to serve hotels, companies and private Residences. This franchise dry cleaning organization has not only pioneered an innovative dry-cleaning store concept but has gone one step further with the establishment of trend setting quality control and wholesaler liaison positions. This dry-cleaning franchise provides their customers with many advantages, and steady demand. This retail dry cleaning company consist of 8 full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $1,800. The business transaction has an assignable commercial lease which expires 2027-01-01, plus additional options available, with a monthly rent of $5,337.95, all in, cost per square foot is estimated at $29 and rent security of approximately $8,600. This dry-cleaning business is operational seven days per week, with hours from 7:00 am to 7:00 pm Monday-Friday, 8am-5pm Saturday, and 12pm-3am Sunday. Based on the details of sale this appears to be 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. This business opportunity is in an active commercial mall, on a convenient county road, consists of approximately 2,000 square feet and has an estimated capacity for 8 customers. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This successful retail facility which consist of approximately 2,000 square feet and has a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Somerset County, which consists of various affluent middle class, highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, 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. This dry-cleaning business can be further expanded by the new operator, by improving its local advertising, begin wholesale service, improve its web site which will further develop the net yearly income to the owner operator.

Reason for Selling:

Owner is relocating out of the state.

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 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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