Retail Dry Cleaners

Not Disclosed, NJ
Mercer County


Asking Price: Annual Revenue:
$79,000 $195,000

Services: Dry Cleaning & Laundry


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RE: Retail Dry Cleaners Broker: Ron Cervelli

Quick Facts

Asking Price: $79,000
Annual Revenue: $195,000
Net Profit: Not Disclosed
Cash Flow: $52,000
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 2
BBN Listing #: 41943909
Broker Reference #: DRCL212

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Business Overview:

Long standing retail dry cleaners with a gross income of $195,000 and a net yearly income of approximately $52,000 based on an onsite owner operator and prior to any debt service. They care for their customers’ garments as though they were their own. They pride themselves in providing timely, convenient, reliable service of the highest quality while assisting their customers in a courteous, attentive and professional manner. This residential dry cleaner is in a large modern commercial mall in Mercer County, with many other active businesses. This is an owner/operator dry cleaning business opportunity which consist of two 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 $3,750. The business transaction has an assignable commercial lease which expires 08/31/2025, plus additional options available, with a monthly rent of $4,200 all in, cost per square foot is estimated at $24 and rent security of approximately $7,500, moderate yearly rent increases. The business has been valued / priced at $79,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity.

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Property Features and Assets:

The company is in a mid-size commercial mall with various other active and successful retail businesses. This successful retail facility which consist of approximately 2,100 square feet has an attractive professional appearance. This opportunity is in Central New Jersey, Mercer County, which consists of various highly populated communities with continued demand for this personal 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. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be further expanded by the new operator by instituting a marketing plan and local advertising, creating a web site and offering delivery service which can further develop the business yearly gross sales.

Reason for Selling:

Owner is retiring.

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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