Dry Cleaner. High Retail Sales.High Upside for Owner/Operator.

Orange, NJ (Essex County)

Seller Financing Available
Dry Cleaner. High Retail Sales.High Upside for Owner/Operator.
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Asking Price: Get Financing: $575,000

Cash Flow: $202,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $28.44 /SF/Year

Established: 1998

Dry Cleaner. High Retail Sales.High Upside for Owner/Operator.

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Business Description

Established for over 18 YEARS.
Large fully equipped dry cleaning facility with newer equipment less than 4 years old.
Can handle over 50% more capacity.
20 Year lease.
Central location on main street.
High retail sales and minimal wholesale.
Can easily replace with pickup & delivery routes, servicing the surrounding high income adjacent towns.
This business is ready for an enthusiastic owner/operator to grow this business back to previous sales level of over $1 ML.
Sign & send the attached ND for more information.
brian @elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
12/31/2038
Employees:
10+2 Owners
Facilities:
4500 SF store located in a strip mall with 20+ parking. Prime location in the shopping hub on the main street. All newer equipment with capacity to handle over 50% or more volume. 20 year lease at $10,672/month with 4% increases. CAM & taxes $1,000/month.
Competition:
Largest dry cleaner in the town. Lots of opportunity to grow the sales.
Growth & Expansion:
Potential to grow sales with additional services such as wash & fold, pickup & delivery and strong local advertising with social, media.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owners will transition
Reason for Selling:
Retiring due to health issues.
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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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