DRY CLEANER NETS $172,106. DRCL238

Price: $595,000

Location: Bergen County, New Jersey

Industry: Dry Cleaning

Listing ID: DRCL238

Potential opportunity for EB-5 US Visa Investor

Long standing highly profitable Dry Cleaners in an affluent area of Northern New Jersey, Bergen County with a gross income of $707,285 and a $172,106 net yearly income to the owner operator. The owner is now retiring and will supply a full training period. This profitable Cleaners has provided the residents and surrounding towns with fast, affordable, and flexible dry cleaning and garment pressing services. The company offers an ECO-FRIENDLY system of cleaning services with a full delivery system. With a strong commitment to quality, their employees, and innovations within the industry stands at the forefront of the dry-cleaning industry with Green Solutions for every cleaning need. The company invested in green technologies and innovations that have low environmental impact. They are a family-owned business built on providing excellent personalized service, constant oversight, and a hands-on approach. Their knowledge on cleaning solutions for every fabric and stain removal ensures our customers receive the highest quality service in central NJ. This is a dependable safe business opportunity and based on the price, down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $707,285

Cash Flow: $172,106

FFE: $328,000 (Included in Price)

Inventory: $2,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement from this dry-cleaning industry.

Training & Support:

Training and owner support; the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion; this retail service company can be further developed by improving the marketing system in order to increase their delivery system. Also, two competitors closed during the pandemic.

Ron Cervelli

contactus@regalconsultants.com

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