DRY CLEANER. RETAIL sales only. Prime Location.

North Elizabeth, NJ (Union County)

Seller Financing Available
DRY CLEANER. RETAIL sales only. Prime Location.

Asking Price:$700,000

Cash Flow:$246,000

Gross Revenue:$700,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$18.46

Established:2004

DRY CLEANER. RETAIL sales only. Prime Location.

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Business Description

Established HIGH VOLUME dry cleaner with RETAIL sales ONLY.
Owner has a full time manager and staff.
Great opportunity to grow sales with added services or open drop shops.
Plant has the capacity to do much higher volume.
Great opportunity to buy a successful dry cleaner with growth potential.
OPTION to purchase property.
Sign and send the attached NDA for more information.
brian@elbrokerage .com
F: 201-568-5401
T: 917-834-4063

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2027
Employees:
10
Facilities:
2,600 SF store with half basement in a free standing building with 15+ parking. 10 Year lease with rent of $4,000/month and real estate taxes $1,667/month. CAM included. All equipment is in excellent condition and there is a brand new HYDRO CARBON dry cleaning machine. OPTION to purchase property.
Competition:
Established over 12 years. High volume retail over-the-countert sales only. Prime high visibility main street location close to the light rail and train station to Manhattan. Great neighborhood with many professionals who work in Manhattan.
Growth & Expansion:
Great potential to increase sales with added services: wash & fold pickup & delivery Wholesalr dry cleaning and shirt laundry. Store can handle much more volume and is fyully statffed to handle more volume.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition
Reason for Selling:
Retiring

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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