Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Retail Dry Cleaners
(Services, Dry Cleaning, Laundromat)
Sussex County , NJ
Listed Price: $ 120,000
Listing ID: DRCL204

Listing DetailsGross Revenue: $ 128,622
Cash Flow: $ 41,582
FFE: $ 75,000 (Included in Price)
Reason for Sale:

Owner is retiring after many years in the industry.


Training & Support:

The seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1974
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 2,350
Square Footage: 1189
Facilities:


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.


SummaryBusiness Description:
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.

 


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 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.