Price: $140
Location: Ocean County, New Jersey
Industry: Dry Cleaning
Listing ID: drcl258
Excellent business opportunity, Owner retiring after thirty years of success for this profitable eco-friendly Hydrocarbon dry cleaners located in an active commercial mall in an affluent community of Ocean County, New Jersey. This business opportunity has a consistent gross yearly income of $270,000 and a dependable yearly net income. The business consists of an environmentally friendly dry cleaner and the sale includes a fully equipped modern facility with up-to-date equipment. For decades, customers and dry cleaners had no real choice but to clean clothes in harsh, petrochemical solvents with known health and environmental risks. Today with improved equipment and softer chemicals, dry cleaners offer an improved service to their customers. This is a dependable business opportunity.
Listing Details
Revenue: $260,000
Cash Flow: $35,000
FFE: $110,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
Owner retiring. The owner is retiring after many successful and profitable years in this service industry.
Training & Support:
The owner will remain post-closing in order to supply an appropriate transitional and training period to the new operator.
Operation
Year Established: 1999
Days & Hours of Operation: The business is active six days per week, with hours from 7:30 am to 7:00 pm.
Owner Hours Per Week: Full Time
Employees: This business presently has four employees who are unaware of the pending sale and fully expected to remain post-closing and monthly payroll is approximately $4,300.
Location
Security on Lease: Two months
Lease Option: Yes, Available
Monthly Rent: 2,750
Type of Location: Active commercial Mall
Square Footage: 1690
Relocatable?: Yes
Facilities Information:
This highly successful retail facility consists of 1,690 square feet with a professional modern physical appearance. The business is in a mid-size commercial mall with various other active and successful businesses. The business has a private entrance and highly visible signage. This business opportunity is located in Central New Jersey, Ocean County on an active county road conveniently located close to various state highways. The general area consists of various highly populated communities with continued demand for this highly active personal service.
Summary
Owner Qualifications:
This industry does not require government agency approval to purchase.
Competition:
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Potential Growth:
The business can be further developed with a web site, delivery service and an improved marketing plan.
Financing/Terms:
Owner financing available.
