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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Eco-Friendly Dry Cleaners
(Services , Dry Cleaning, Laundromat)
Ocean County , NJ
Listed Price: $ 149,000
Listing ID: DRCL182

Listing DetailsGross Revenue: $ 169,000
Cash Flow: $ 58,000
FFE: $ 188,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

The owner is retiring after many successful and profitable years in this service


Training & Support:

The owner will remain post-closing in order to supply an appropriate transitional and training period to the new operator.


OperationsYear Established: 2008
Days & Hours of Operation: MOn.Sat. 7:30am-7pm
Non-owner Payroll: $ 6,400
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6000
Monthly Rent: $ 37,000
Square Footage: 1690
Facilities:

This highly successful retail facility consists of 1,690 square feet with a professional modern physical appearance. The business is in a mid-size commercial mall with various other active and successful businesses. The business has a private entrance and highly visible signage. This business opportunity is located in Central New Jersey, Ocean County on an active county road conveniently located close to various state highways. The general area consists of various highly populated communities with continued demand for this highly active personal service.


SummaryBusiness Description:

Highly profitable eco-friendly dry cleaners located in an active commercial mall in an affluent community of Ocean County, New Jersey. This business opportunity has a consistent gross yearly income of $169,000 and a dependable yearly net income. The business consists of an environmentally friendly dry cleaner and the sale includes a fully equipped modern facility with up to date equipment. For decades, customers and dry cleaners had no real choice but to clean clothes in harsh, petrochemical solvents with known health and environmental risks. Today with improved equipment and softer chemicals, dry cleaners offer an improved service to their customers. This business presently has four employees who are unaware of the pending sale and fully expected to remain post-closing and monthly payroll is approximately $6,400. The sales include an assignable commercial lease which expires August 1, 2020 plus additional options, with a monthly rent of $3,700, cost per square foot is $23.92 and rent security $6,000. This business transaction includes a fully equipped eco-friendly dry-cleaning company with all of the required state of the art equipment necessary for high volume production. The business is active six days per week, with hours from 7:30 am to 7:00 pm. The business sale has been priced at $149,000 based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a thirty percent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business can be further developed with a web site, delivery service and an improved marketing plan.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.