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Organic Dry Cleaner Plant/Drop in Affluent Town!

Morris County, NJ

Organic Dry Cleaner Plant/Drop in Affluent Town!
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Asking Price: $439,000

Cash Flow: $214,941

Gross Revenue: $502,000

EBITDA: N/A

FF&E: $125,000

Inventory: $5,000

Rent: $2.13 /Month

Established: 1973

Organic Dry Cleaner Plant/Drop in Affluent Town!

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Business Description

State-of-the-art Dry Cleaning Plant in a high-traffic strip mall off a busy thoroughfare. An anchor store will be coming in soon which should increase area traffic even more. 70% Retail & 30% Wholesale. The store has a 5 star rating on Google, Yelp, & Groupon with many wonderful, detailed reviews. FURNITURE, FIXTURES, & EQUIPMENT valued at $125,000 minimum along with a van are included in sale. All are in very good condition. Dry cleaning machine was purchased for $71,000 a bit over 6 years ago. Other equipment include: 3 washing machines, 2 pressing stations, large dryer, boiler, compressor, alteration machine, shirt machine, cuff machine, & a computer with a POS system. New qualified tenant should be able to get a long term lease thru landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Location:
Morris County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
4 F/T 2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,200 square feet. “All” Furniture, Fixtures, and Equipment valued at a minimum of $125,000 are included. All are in very good condition-dry cleaning machine is only 6 years old. Plenty of strip mall parking. Owner has 3 years left on his lease after getting 5 year lease assignment plus a 5 year option to renew it.
Competition:
There are 4 other dry cleaners in the same town. 3 of them are within a mile of the store. This dry cleaners has a much higher rating on Google than the one other reviewed there. It’s the only cleaner who has its own website of the 5 of them.
Growth & Expansion:
This dry cleaner has seen tremendous growth over the past several months. They got 45 new customers in January 2018 & 36 new customers in December 2017 (during holiday season). A very large chain store will be opening up in the plaza within the next month or so. This will bring many more people to the strip mall on a daily basis.
Support & Training:
The owner will provide at least two weeks training to a new buyer.
Reason for Selling:
Owner has other business interest.
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(from currently available funds)
 
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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