HS Listing ID-68406
Gross sale
2024 $407.823
2025 ( YTD 10/31 ) $ 362,554
SDE ( Sellers Discretionary Earning ) : $220K+
Monthly Rent: $4,090 (including CAM charges), well below the local market average of approximately $5,700.
1630 Sq Ft
Lease Term: Brand-new 10-year lease with minimal rent increases every five years, then fixed for the next five.
Utilities: Water charges are fully waived, representing an $800/month savings and allowing the business to expand production (e.g., commercial accounts) without increasing overhead.
Prime Location: Centrally located between three major New Jersey towns with strong daily traffic and consistent neighborhood demand.
Surrounding Developments: A newly built apartment complex with several hundred units sits directly behind the plaza—bringing steady and growing foot traffic.
Major Shopping Hub: The store is positioned in a high-visibility commercial corridor anchored by national retailers, ensuring continuous customer flow and brand-level traffic synergy.
Operations & Profitability
Post-pandemic rebound: With reduced competition and higher service pricing (shirts increased from $2 to $3+), the business has regained strong profitability.
Actual SDE (Seller’s Discretionary Earnings): Estimated at $190,000–$200,000, after normalizing owner benefits.
Additional Income: Credit-card processing fees are passed to customers, generating approximately $9,000 per year in pure profit.
Staff: Two long-term, highly experienced employees (15+ years) are expected to remain post-sale.
Equipment
All machinery is fully paid off and maintained in excellent working condition.
Includes a $25,000 Italian-made automatic shirt press and other high-end automation equipment that reduces labor costs and maximizes productivity.
Growth Potential
The business currently does not provide pickup, delivery, or wholesale services—clear untapped opportunities for a new owner.
Because water usage is free, expanding into commercial accounts (such as hotels, restaurants, or uniforms) would significantly boost sales without increasing operating costs.
With new residential developments and major anchor tenants generating constant traffic, the store is well positioned for sustained, organic growth under new ownership.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2442187
