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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Modern Dry Cleaners
(Services, Dry Cleaning, Laundromat)
Middlesex County , NJ
Listed Price: $ 99,000
Listing ID: DRCL185

Listing DetailsGross Revenue: $ 200,000
Cash Flow: $ 65,000
FFE: $ 95,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the partnership separation.


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 will supply additional training at a fair cost to the purchaser.


OperationsYear Established: 2008
Days & Hours of Operation: Mon.-Sat. 8am-6pm
Non-owner Payroll: $ 3,470
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 3,000
Square Footage: 1650
Facilities:

This successful retail facility which consist of approximately 1,650 square feet has a modern and clean appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Due to partnership separation there is an opportunity to purchase this recently remolded retail dry cleaner in an active affluent area of Middlesex County, New Jersey. The business has been fully remolded and is prepared to increase its gross sales representing a wonderful cash flow to the owner operator. This business is very well known in the industry and is project to further increase its cash flow to the owner operator. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,470. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $3,000 cost per square foot is estimated at $21.82, and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $95,000 which is based on equipment and licensing replacement cost. This successful retail dry-cleaning operation is active six days per week, with hours from 8:00 am to 6:00 pm. The business has been valued at $99,000 based on a multiple of the net yearly income which includes the value of the specific business assets. This is 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 photo does Not represent this business opportunity.


Competition:

Although competitors presently exist in the industry, 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:

The business presently has a very limited marketing plan, no web site and no delivery system, if improved can further develop the business yearly gross sales.


Financing/Terms:

N/A