DRY CLEANING. DRCL243

Price: $250,000

Location: Union County, New Jersey

Industry: Dry Cleaning

Listing ID: drcl243

Wonderful opportunity to own a highly profitable modern dry-cleaning businesses in affluent area of Northern New Jersey in the county of Union. This has been a well-known family owned and operated modern Dry-Cleaning business. The dry cleaners have been in business since 1977 with a wonderful reputation for quality service and excellent fair prices. The business had an annual gross income of $590,000 for 2019 and a net income of $164,000. The owner is semi retiring to Florida after many years and will supply a smooth transitional period to the purchaser.

The 2019 yearly gross income represented by the seller owner is $500,000 and the business has a yearly net income of approximately $164,000 based on an onsite owner operator and prior to any debt service. The 2022 gross income is projected at $400,000, and a formal due diligence is recommended by the purchaser.

Listing Details

Revenue: $400,000

Cash Flow: $100,000

FFE: $170 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

Owner retiring

Training & Support:

The seller will remain after closing and supply a long-term transitional period.

Operation

Year Established: 1990

Days & Hours of Operation: Both dry cleaning companies are operational six days weekly with hours from 7:00 am to 6:00 pm.

Employees: 4

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 6,000

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate in addition to the standard required municipal licenses.

 

Competition:

There are no similar dry cleaners in the immediate area and the general area has limited dry cleaner competitors, seller has agreed to supply an appropriate non-compete agreement to the new operator.

Potential Growth:

With a more aggressive marketing plan the business can be further improved and developed representing a high net profit to the owner operator.

Financing/Terms:

To be determined

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.