Modern fully equipped and highly profitable commercial dry-cleaning plant with a previous gross income of $362,500 and a consistent yearly net income of approximately $100,000 plus. This attractive retail commercial cleaners are conveniently located and serving various communities in Middlesex County, New Jersey. They pride themselves with providing the best service to their customers and being environmentally responsible to the public they serve. They are fully up to date with the required state regulations and offer non-harmful cleaning agents to dry clean their customer garments. They have a full-service dry-cleaning facility with a modern plant on premises and all of the garments are serviced cleaned and pressed on site. They offer professional service including same day service to their customers. The company supplies dry cleaning, laundry wash & fold, wedding dress cleaning and preservation, uniform cleaning, leather cleaning, draperies and comforter and bedding dry cleaning. This is a dependable business opportunity.
- Asking Price:
- $175,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $362,500
- Cash Flow:
- $100,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The transaction consists of a five-year commercial lease which will expire 2026, plus option to purchase the property, with a monthly rent of $5,500 NN, cost per square foot is $18.85, and rent security $10,000.
- Leasehold Rent:
-
$66,000 per annum
- Lease Rent:
- $19 per sq ft per annum
- Location:
-
This attractive free-standing retail facility consist of 2,800 square feet with a clean professional appearance.
- Premises Details:
-
The business is conveniently located on an active county road with various other commercial businesses. This business opportunity is located in central New Jersey, Middlesex County, which consists of various affluent highly populated communities with continued demand for this particular service.
- Size in square feet:
- 2,800
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.
- Competition / Market:
-
To the best of our knowledge, due to various circumstances, 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.
- Reasons for selling:
-
The owner has elected to retire.
- Trading hours:
-
The business is active six days per week, with hours from 8:00 am to 6:00 pm.
- Employees:
- The company has on average three full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, also the monthly payroll is approximately $6,047.
- Years established:
- 2010
Other Information
- Support & training:
-
The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner financing is available.
- Furniture / Fixtures value:
- $130,000 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
