Eco-Friendly Dry Cleaners

Ocean County, NJ

Seller Financing Available
Eco-Friendly Dry Cleaners
Contact Seller

Asking Price: $149,000

Cash Flow: $70,429

Gross Revenue: $150,766

EBITDA: N/A

FF&E: $188,000

Inventory: N/A

Rent: $2,750 /Month

Established: 2008

Eco-Friendly Dry Cleaners

Save Print Share Valuation Report

Business Description

Highly profitable eco-friendly dry cleaners located in an active commercial mall in an affluent community of Ocean County, New Jersey. This business opportunity has a consistent gross yearly income of $150,766 and a dependable yearly net income. The business consists of an environmentally friendly dry cleaner and the sale includes a fully equipped modern facility with up to date equipment. For decades, customers and dry cleaners had no real choice but to clean clothes in harsh, petrochemical solvents with known health and environmental risks. Today with improved equipment and softer chemicals, dry cleaners offer an improved service to their customers. This business presently has four employees who are unaware of the pending sale and fully expected to remain post-closing and monthly payroll is approximately $4,300. The sales include an assignable commercial lease which expires August 1, 2020 plus additional options, with a monthly rent of $2,750, cost per square foot is $23.92 and rent security $6,000. The business is active six days per week, with hours from 7:30 am to 7:00 pm. The business sale has been priced at $149,000 based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a thirty percent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,690
Lease Expiration:
8/1/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This highly successful retail facility consists of 1,690 square feet with a professional modern physical appearance. The business is in a mid-size commercial mall with various other active and successful businesses. The business has a private entrance and highly visible signage. This business opportunity is located in Central New Jersey, Ocean County on an active county road conveniently located close to various state highways. The general area consists of various highly populated communities with continued demand for this highly active personal service.
Competition:
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further developed with a web site, delivery service and an improved marketing plan.
Financing:
Available to qualified buyers.
Support & Training:
The owner will remain post-closing in order to supply an appropriate transitional and training period to the new operator.
Reason for Selling:
The owner is retiring after many successful and profitable years in this service
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1603304 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


You've Got Maids

Franchise Opportunity In NJ
Capital Required: $50,000