Priced To Sell.Dry Cleaner.High Volume.Retail,Wholesale,Corp.

Morris County, NJ

Priced To Sell.Dry Cleaner.High Volume.Retail,Wholesale,Corp.
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Asking Price: $595,000

Cash Flow: $275,000

Gross Revenue: $965,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $9,000 /Month

Established: 1996

*not included in asking price.

Priced To Sell.Dry Cleaner.High Volume.Retail,Wholesale,Corp.

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Business Description

Established Dry Cleaner with great revenue and HIGH INCOME.
Great Shopping Plaza location with excellent tenant mix in the town's main shopping area.
New Hydrocarbon dry cleaning machine and new boiler.
Ready to go for an owner/operator with lot's of room to grow.
Lots of machine capacity to add corporate & wholesale accounts or service your own drop-stores.
Great opportunity to buy this SERVICE business that can grow retail sales with online initiatives and establishing pickup & delivery.
Sign and send the attached NDA to receive detailed information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Morris County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
12/31/2030
Employees:
13+2 Owners
Facilities:
2400 SF store in a shopping plaza. 10 year lease at $9,000/month including CAM and real estate taxes.Increase $150/month each 2 years. Fully equipped with newer hydrocarbon dry cleaning machine, double buck shirt machines, new boiler, chiller & 3 vans.
Competition:
Central location in a plaza with strong anchor tenant. Great town with high concentration of middle income families with children. Area has many large corporation headquarters.
Growth & Expansion:
New buyer should introduce pickup & delivery routes and open up more corporate accounts in the many surrounding office complexes. Online presence and marketing will drive retail sales and route business.
Support & Training:
Owner will transition
Reason for Selling:
Retiring
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(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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