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Well-Established Dry Cleaner With Tremendous Upside Potential For Sale

New Jersey, US
Asking Price:
$150,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$147,694
Cash Flow:
$58,959

A well-established dry cleaner of 40 years with a great reputation in Montgomery, NJ! Located in a high-traffic shopping center with a major grocery chain anchor, this location is a great opportunity for someone seeking upside potential with a low investment. Currently, the location is operated by a senior couple who are ready to retire and pass the baton on to a new owner who can maximize its potential. With 2500 square feet of space and already equipped with machinery to handle 2-3 times the current volume, the new operator can build relationships with drop-off stores in the area for wholesale accounts.
Just minutes away from Princeton, Montgomery township is experiencing rapid growth with numerous multi-family and commercial developments. Currently, there are two multi-family construction developments in progress, as well as new retail space being built right next to the shopping center. With great service, improved hours of operation, and proper marketing and staffing, this location can experience a significant upside in revenue and profitability.

Business Operation

Reasons for selling:

retirement

Trading hours:

Monday 8:30 AM–6 PM Tuesday 8:30 AM–6 PM Wednesday 8:30 AM–6 PM Thursday 8:30 AM–6 PM Friday 8:30 AM–6 PM Saturday 9 AM–4 PM Sunday Closed

Other Information

Support & training:

4 weeks

Furniture / Fixtures value:
$167,000 - included in the asking price
Inventory / Stock value:
$2,000 - included in the asking price