DRY CLEANER NETS $172,106. drcl244

Price: $594,999

Location: Bergen County, New Jersey

Industry: Dry Cleaning

Listing ID: drcl244

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: $165,000 (Included in Price)

Inventory: $1,500 (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.

Operation

Year Established: 1005

Days & Hours of Operation: Days Hours of operation, this business is active six days per week, closed Sunday, with hours from 7:30 am to 6:00 pm.

Employees: Regarding employees and payroll: this dry-cleaning retail company consist of eight (8) employees who are unaware of the pending sale. The payroll is based on an hourly basis and weekly base salary, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $14,000.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: $7,359

Type of Location: Commercial Avenue

Square Footage: 2,200

Relocatable?: Yes

Facilities Information:

This business opportunity is in north central New Jersey, Bergen County on a highly active county road. This business facility consists of 2,200 square feet with a modern and professional appearance with a capacity of ten customers. The business is on a commercial avenue conveniently located for its various customers.

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.

Financing/Terms:

SBA bank financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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