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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Dry Cleaners
(Services, Dry Cleaning, Laundromat)
Somerset County , NJ
Listed Price: $ 595,000
Listing ID: DRCL181

Listing DetailsGross Revenue: $ 410,000
Cash Flow: $ 146,500
FFE: $ 578,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The purpose of this business transaction is due to the owner's relocation.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Sun. 7am-7pm
Non-owner Payroll: $ 1,800
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8500
Monthly Rent: $ 5,338
Square Footage: 2000
Facilities:

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.


SummaryBusiness Description:

Two-year young ultra-modern franchise dry cleaning business with a very unique concept in the industry, 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 businesses in additional to 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. The Green Earth Cleaning process uses liquid silicone in place of petrochemicals. Essentially liquified sand, silicone is non-hazardous and non-toxic to the environment. When released to the environment, it safely breaks down into the three natural elements it is made from: sand (SiO2) and trace amounts of water and carbon dioxide. Which means it is safe for the air, water and soil. Today, there are more two-career families than ever before, and as a result there is a greater need for professional dry-cleaning services. With less time and greater disposable income, working men and women are paying more for garment care to preserve their wardrobes and make them look their best. This Dry-Cleaning Franchise provides their customers with many advantages, steady demand…not a fad or trend that will fade as quickly as it appears, repeat business that grows with every new customer, Generally, recession-proof, can be run by a small, easily trained staff, no prior dry-cleaning experience is necessary and does not require costly inventory. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the franchise approval and the standard required municipal licenses. Regarding employees and payroll, this retail dry cleaning company consist of eight 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 $5,338, all in, cost per square foot is estimated at $29 and rent security of approximately $8,500. This modern and successful franchise dry cleaner’s business operation is active seven days per week, with hours from 7:00 am to 7:00 pm, shorter on weekends. The business has been valued / priced at $595,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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. 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.


Competition:

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.


Potential Growth:

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.


Financing/Terms:

Seller financing is available to qualified buyer.