Profitable Drop Store in a High-Traffic Affluent Area

Somerset County, NJ

Profitable Drop Store in a High-Traffic Affluent Area

Asking Price:$129,000

Cash Flow:$80,922

Gross Revenue:$185,000

EBITDA:N/A

FF&E:$10,000

Inventory:$4,500

Established:15

Profitable Drop Store in a High-Traffic Affluent Area

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Business Description

Beautifully renovated drop store in a high traffic area of an affluent town. Plenty of strip mall parking. Owner has steadily increased his sales volume while lowering his overhead the past couple of years. Perfect for a husband/wife team or a plant owner looking to increase his routes. A 2013 Chevy Cargo Express van valued @ $17,500 is available for purchase if desired. Has 53k miles with a 100k mile warranty. All conveyors, furniture, & fixtures valued @ 10k & Inventory of $4,500 included in sale. Payroll figure adjusted for owner-operator. Owner recently negotiated a new (3) year lease with one (3) year option. Landlord is willing to provide a similar lease situation. Contact Seth Kain @ 201-317-4710 for additional details and showing.

Detailed Information

Inventory:
Included in asking price
Employees:
2 part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1440 square feet located in a strip mall with plenty of free parking. All conveyors, furniture, and fixtures are in excellent condition. The building itself is in wonderful shape and the store has been nicely renovated since the new owner took over 13 years ago.
Competition:
There’s minimal are competition. There are only a couple of other dry cleaners within a several mile radius.
Growth & Expansion:
a new owner who presently owns a plant and also possible drop store and can buy this store to increase mis-routes. If purchased by a husband and wife team, they could increase their customer base by advertising and promotion. A new owner can do the exact same thing but both could even do this (who owns a plant) in some neighboring towns.
Financing:
there’s no financing available at this time.
Support & Training:
minimum of 2 weeks at no cost to the buyer
Reason for Selling:
Owner plans to retire soon

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Seth Kain

Business Listed By:
Seth Kain

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Larry Bodner

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