Dry Cleaner with Seller Financing/Property Available

Bergen County, NJ

Seller Financing Available
Dry Cleaner with Seller Financing/Property Available
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Asking Price: $375,000

Cash Flow: $110,166

Gross Revenue: $451,027

EBITDA: N/A

FF&E: $130,000

Inventory: $1,500

Real Estate: $620,000*

Established: 1990

*not included in asking price.

Dry Cleaner with Seller Financing/Property Available

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Business Description

This is a great opportunity to own a well established Dry Cleaning Plant on a high traffic main road in Bergen County with both commercial and residential areas nearby. The owners have been in business for 28 years, with the last 14 years in the current location. The business is 75% wholesale and 25% retail. The operation is run by the full time owner and has 16 long term accounts which include laundromats, delivery routes and dry clean drop stores. The clients consistently pay weekly.

This 6,000 sq ft stand alone facility is fully equipped for volume with well maintained equipment (valued at $130k) that includes 2 dry clean machines (organic & perc), hot head press, 4 utility presses, a double buck, 3 collar & cuffs, 2 sleevers, boiler, compressor and more. Alterations are outsourced. The sale also includes a Chevy Express 3500 truck.

The owner reduced the client base several years ago for personal reasons. As a result there is tremendous upside potential for an experienced, savvy owner operator to take advantage of the large space, experienced team, and equipment to double the existing client base. The seller also owns the property, valued $620k, and is willing to sell the property or provide a long term gross lease at $5,000/month.

Motivated seller is planning on pursuing a new business opportunity. The business is offered at $375,000 with a down payment of $275,000 and the seller will finance the $100,000 balance, terms negotiable.

For more details, call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
6,000
Employees:
3 PT 6 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Financing TBD
Support & Training:
Owner will provide training & support for up to 2 weeks after closing.
Reason for Selling:
Owner entering into a partnership and pursuing a new business opportunity.
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Paul Holveck

Business Listed By:
Paul Holveck

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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