Organic Dry Cleaner Plant/Drop in Affluent Town!

Not Disclosed, NJ
Morris County

Asking Price: Annual Revenue:
$439,000 $502,000

Services: Dry Cleaning & Laundry

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RE: Organic Dry Cleaner Plant/Drop in Affluent Town! Broker: Seth Kain

Quick Facts

Asking Price: $439,000
Annual Revenue: $502,000
Net Profit: Not Disclosed
Cash Flow: $214,941
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 45
Employees: 6
BBN Listing #: 40522979
Broker Reference #: 6170SK

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Business Overview:

State-of-the-art Dry Cleaning Plant in a high-traffic strip mall off a busy thoroughfare. An anchor store will be coming in soon which should increase area traffic even more. 70% Retail & 30% Wholesale. The store has a 5 star rating on Google, Yelp, & Groupon with many wonderful, detailed reviews. FURNITURE, FIXTURES, & EQUIPMENT valued at $125,000 minimum along with a van are included in sale. All are in very good condition. Dry cleaning machine was purchased for $71,000 a bit over 6 years ago. Other equipment include: 3 washing machines, 2 pressing stations, large dryer, boiler, compressor, alteration machine, shirt machine, cuff machine, & a computer with a POS system. New qualified tenant should be able to get a long term lease thru landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.

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Property Features and Assets:

1,200 square feet. “All” Furniture, Fixtures, and Equipment valued at a minimum of $125,000 are included. All are in very good condition-dry cleaning machine is only 6 years old. Plenty of strip mall parking. Owner has 3 years left on his lease after getting 4 ½ year lease assignment plus a 5 year option to renew it.

Market Competition and Expansion:

This dry cleaner has seen tremendous growth over the past several months. They got 45 new customers in January 2018 & 36 new customers in December 2017 (during holiday season). A very large chain store will be opening up in the plaza within the next month or so. This will bring many more people to the strip mall on a daily basis.There are 4 other dry cleaners in the same town. 3 of them are within a mile of the store. This dry cleaners has a much higher rating on Google than the one other reviewed there. It’s the only cleaner who has its own website of the 5 of them.

Reason for Selling:

Owner has other business interest.

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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