Dry Cleaner Drop Shop. High Volume & Income. A Must Buy.

Monmouth County, NJ

Dry Cleaner Drop Shop. High Volume & Income. A Must Buy.
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Asking Price: $495,000

Cash Flow: $238,000

Gross Revenue: $575,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,500 /Month

Established: 2000

Dry Cleaner Drop Shop. High Volume & Income. A Must Buy.

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Business Description

Such high volume drop shops NEVER come to market.
High traffic, high visibility shopping center location on the main highway connecting the surrounding towns.
Great opportunity at a excellent price.
Secure a high income for life.
Currently tailor on premise.50/50 Split.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Monmouth County, NJ
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
12/31/2030
Employees:
Tailor
Facilities:
1200 SF DROP STORE in the highest traffic shopping center in this affluent town. 5/5-year lease at $6,500/month with 3% increases. Additional Rent $1,000/Month includes Taxes and CAM. There is a SEPARATE 2100 SF store located in a shopping center 15 minutes away. This store has limited retail and processes the dry cleaning for the drop shop. It has a brand new hydrocarbon dry cleaning machine (Buyer must assume payments), washers, dryers & presses. This store is a condominium and the seller OWNS the store. It is being sold for assessed value. The property is a commercial condo in a shopping center. Real Estate Taxes are $9,000.00 and CAM $6,000.00, annually. The property and all business at this store is listed SEPARATELY as Real Estate for an additional $400,000.00.
Competition:
Established over 20 years this business has an established and loyal HIGH INCOME customer base. No other drop store in the area does this sales volume.
Growth & Expansion:
No advertising and no online presence. Currently NO pickup and delivery. Perfectly located to start pickup & delivery routes as well as wash & fold service to the HIGH INCOME surrounding towns.
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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