Profitable Dry Cleaner in popular shopping center of Cherry Hill, NJ

Cherry Hill, NJ (Camden County)

Profitable Dry Cleaner in popular shopping center of Cherry Hill, NJ
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Asking Price: $175,000

Cash Flow: $84,000

Gross Revenue: $264,000

EBITDA: $96,000

FF&E: $50,000

Inventory: N/A

Established: N/A

Profitable Dry Cleaner in popular shopping center of Cherry Hill, NJ

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Business Description

Well known Dry Cleaners in shopping center with excellent reputation over 1.5 de

This well known Dry Cleaner in popular shopping center in Cherry Hill, NJ is for sale.
More than 3 decade under same ownership with excellent reputation and very profitable business.
Owner is going to retire .

Rent is $3.600 NNN for main store of Dry Clean plant and $1,994 NNN for drop store.
1,500 sf of well maintained and fully equipped for main location.
950 sf of drop store at Haddonfield.

Monthly gross income is around $22,000. and Net is about $7,000.
Asking only $175,000.
All for cash deal.

Major equipment:
Satec Dry Cleaning machine 35 Lbs.
Unimac Washer 50 Lbs
Columbia Boiler 15 Hp
Speedaire air compessor 5 Hp plus Vacuums, Conveyers etc.

Seller shall counsel and train free over a week after ownership is transferred.

Viewing is available by appoint only in advance.
Contact broker via e.mail or phone to make an appointment.
John Lee
Broker, Magic one Realty
magiczone39@gmail.com 310-617-3773 Cell or alternative hwangkenneth@yahoo.com

Detailed Information

Location:
Cherry Hill, NJ
Employees:
2 and 1/2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Major equipment: Satec Dry Cleaning machine 35 Lbs. Unimac Washer 50 Lbs Columbia Boiler 15 Hp Speedaire air compessor 5 Hp plus Vacuums, Conveyers etc.
Competition:
Only cleaners in the shopping center.
Growth & Expansion:
Consistency with minor up and down
Support & Training:
A week from the day of transfer of ownership
Reason for Selling:
Retiring
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John Lee

Business Listed By:
John Lee

Magic Zone Realty

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