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.