DRY CLEANER. Retail Sales Only. High Income Town

Montclair, NJ (Essex County)

Seller Financing Available
DRY CLEANER. Retail Sales Only. High Income Town
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Asking Price: Get Financing: $500,000

Cash Flow: $239,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $44 /SF/Year

Established: 1967

DRY CLEANER. Retail Sales Only. High Income Town

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Business Description

Established for over 50 years. Prime location in the downtown shopping area of this VERY high income town.
Great reputation for quality work and 5 star reviews online.
Sales increase 10% each year.
80% walk-in business.
Over 1,000 shirts/week.
2018 Sales projected to reach close to $600,000.00
Sign & send the attached Confidentiality Agreement for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
12/31/2028
Employees:
2 FT 1 PT Owner
Facilities:
1400 SF store with half basement. Brand new Hydrocarbon 40 LB dry cleaning machine and boiler. 10 year lease at $5,150/Month with real estate taxes included. $100/YEAR increases. 10+ parking lot with high visibility. Main downtown shopping area in town.
Competition:
This dry cleaner has a great reputation for quality dry cleaning and laundering. Online reviews are 5 star. No advertising or promotions and 80% walk in business.
Growth & Expansion:
Currently 20% of sales are pickup & delivery done twice/week. Potential growth opportunity with a website with online ordering capability or using delivery.com and other sites to promote pickup & delivery.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition.
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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