Dry Cleaners Plant

Somerset County, NJ

Dry Cleaners Plant

Asking Price:$469,000

Cash Flow:$185,012

Gross Revenue:$355,000

EBITDA:N/A

FF&E:$160,000

Inventory:$9,250

Established:11

Dry Cleaners Plant

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Business Description

State-of-the-art organic Dry Cleaning Plant in a high-traffic strip mall on a heavily-traveled thoroughfare. Majority is retail with approx. 13% of the revenue - hotel house accounts. Seller owns a 2nd smaller, less volume plant (20% of total sales) in Middlesex County, which is profitable & included in sale. Customer testimonials for both have focused on timely service, reasonable prices, & the owner standing behind his work with no extra costs to customers. Furniture, Fixtures & Equipment of $160,000 & Inventory of $9,250 included in sale. “All” equipment is in very good condition with a sizable portion under 3 years old (2 dry cleaning machines). Equipment list is available. Owner recently negotiated a wonderful lease situation. New owner can get a similar lease deal if they qualify.

Detailed Information

Inventory:
Included in asking price
Employees:
3FT 1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,950 sq. ft. Somerset County Plant; 2nd smaller plant in Middlesex County. All Furniture, Fixtures and Equipment are in good condition. The dry cleaning machines are only in between 2 & 3 years old. Landlord recently granted a 5 year lease with a 5 year option. A new tenant (qualified) could get a similar lease situation.
Competition:
There’s no competition at all for several miles in the same town. The dry cleaning stores in a couple of neighboring towns are several miles away as well.
Growth & Expansion:
A new owner should do some advertising in local Church bulletins. There’s a large University a few miles away whose sports team draws in supporters to nearby hotels. There are also many businessmen who are in from out of town. Some solid advertising and continued contracts can enhance gross sales and profits. Voucher advertising could be good too.
Financing:
None available at this time
Support & Training:
Up to 2 weeks at no cost to the buyer.
Reason for Selling:
Relocation

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Larry Bodner

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Larry Bodner

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