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Retail Dry Cleaners

Sussex County, NJ

Retail Dry Cleaners
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Asking Price: $120,000

Cash Flow: $41,582

Gross Revenue: $128,622

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $2,350 /Month

Established: 1974

Retail Dry Cleaners

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Business Description

Owner retiring from this successful retail dry cleaners’ business after forty-five years of operation. The business is located in a highly affluent community with continued demand for this service. The business has been priced aggressively for a rapid sale based on a gross yearly income of $128,622 and a net yearly income of $41,582. They take precautions and use special processes to deliver optimum cleaning that virtually eliminates shrinkage, loss of color and fabric distortion. Their cleaning and finishing process can brighten colors and restore textures. They guarantee drapes will not shrink or lose their shape, and they offer a convenient take down and re-hang service. This dry cleaner company consist of three part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,225. The business transaction will offer an assignable commercial lease which expires 2019, plus additional options available, with a monthly rent of $2,350, cost per square foot is estimated at $23.72 and rent security will be required.
The business has been valued / priced at $120,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. 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:
Sussex County, NJ
Real Estate:
Leased
Building SF:
1,189
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This successful retail facility consists of approximately 1,189 square feet with a professional appearance. The business is in a commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.
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:
This business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Support & Training:
The seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is retiring after many years in the industry.
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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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