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Dry Cleaners in Commercial Mall

RetailFor Sale in NJ

Financial & Assets Details

$194,789
$73,473
$65,000
1000+/-

About the Business

2009
5
Yes

Business Description

Highly profitable dry cleaners located in an active commercial mall in an affluent community of Passaic County, NJ. This business opportunity has a consistent gross yearly income and a dependable yearly net income. The business consists of an environmentally friendly dry cleaners and the sale includes a fully equipped ultra-modern facility with state-of-the-art equipment. Green Earth is an environmentally safe dry-cleaning process that replaces petroleum-based solvents with liquid silicone which is a gentle solution made from one of the earth's safest and most abundant natural resources: silica, or sand. It cleans as effectively as traditional dry cleaning without costing more to operate. This business presently has 3 part time/ 2 full time employees who are unaware of the pending sale and fully expected to remain post-closing and weekly payroll is approximately $3,080. The sale includes an assignable commercial lease which expires 8/31/2020 plus 1 five-year renewal options, with a monthly rent of $3,640 and rent security $7,000, $43.68 per square foot. The business has been valued / priced at $150,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Growth & Expansion

The business can be further developed with an improved marketing plan and by a full-time owner at this business.

Seller Financing

May be considered with an appropriate down payment.

Market Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Location Details:

The dry cleaner is in a modern commercial mall, the facility consists of 1,000 square feet, and has a capacity for approximately fifteen customers.

Support & Training

The owner will remain post-closing for 30 days and supply a transitional period.

Reason for Selling:

Owner is moving to an alternative business.

Listing ID: DRCL214

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