Dry Cleaners & Laundromat

Bergen County, NJ

Seller Financing Available
Dry Cleaners & Laundromat
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Asking Price: $199,000

Cash Flow: N/A

Gross Revenue: $234,000

EBITDA: N/A

FF&E: $120,000

Inventory: N/A

Rent: $3,250 /Month

Established: N/A

Dry Cleaners & Laundromat

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Business Description

Solid business opportunity for this successful twenty-five-year-old Bergen County, New Jersey modern attractive and profitable laundromat and dry-cleaning retail business. This is a full self-service laundromat which offers wash and fold and a dry-cleaning service. This is a priced to sell business opportunity due to the owner’s serious illness and need to sell. This dry cleaning/laundromat business has three full time employees who are unaware of the pending sale, based on an hourly bases, monthly payroll is approximately $6,500. The seller owns the building and this business transaction will offer a new commercial lease which expires 2030, plus additional options available, option to purchase the real estate through the sellers realtor, with a monthly rent of $3,250, cost per square foot is estimated at $22.28 and rent security of approximately $5,000. The business has been valued / priced at $199,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Detailed Information

Location:
Bergen County, NJ
Real Estate:
Leased
Building SF:
1,750
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This laundromat business opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this personal service. This long-standing retail company which consist of approximately 1,750 square feet with an attractive appearance is located on an active commercial avenue near to various other commercial businesses.
Competition:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further expanded by the new operator, with an onsite owner operator, a new marketing plan, local advertising, optimized web site which can further develop the business yearly gross sales.
Financing:
May be considered to a qualified buyer.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The purpose of this business transaction by the family is due to owner’s illness
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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