Dry Cleaners in Commercial Mall
RetailFor Sale in NJ
Financial & Assets Details
About the Business
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.
May be considered with an appropriate down payment.
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.
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.