Retail Dry Cleaners

Not Disclosed, NJ
Sussex County


Asking Price: Annual Revenue:
$120,000 $128,622

Services: Dry Cleaning & Laundry


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RE: Retail Dry Cleaners Broker: Ron Cervelli

Quick Facts

Asking Price: $120,000
Annual Revenue: $128,622
Net Profit: Not Disclosed
Cash Flow: $41,582
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 3
BBN Listing #: 47273909
Broker Reference #: DRCL204

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Business Overview:

Owner retiring from this successful retail dry cleaners’ business after forty-five years of operation. The business is located in a highly affluent community with continued demand for this service. The business has been priced aggressively for a rapid sale based on a gross yearly income of $128,622 and a net yearly income of $41,582. They take precautions and use special processes to deliver optimum cleaning that virtually eliminates shrinkage, loss of color and fabric distortion. Their cleaning and finishing process can brighten colors and restore textures. They guarantee drapes will not shrink or lose their shape, and they offer a convenient take down and re-hang service. This dry cleaner company consist of three part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,225. The business transaction will offer an assignable commercial lease which expires 2019, plus additional options available, with a monthly rent of $2,350, cost per square foot is estimated at $23.72 and rent security will be required.
The business has been valued / priced at $120,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. This is a dependable safe business opportunity. 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 consists of approximately 1,189 square feet with a professional appearance. The business is in a commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

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 business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Reason for Selling:

Owner is retiring after many years in the industry.

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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