Well Known Dry Cleaner
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $540000
Net Profit / Cash Flow $160000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1990
Number of Employees 6 - 9
Inventory 275000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will remain after closing and supply a long term transitional period.
Reason for Sale Relocating overseas after many years of success in this service industry.
Description Well known, ultra modern, Dry Cleaner in an urban area of Hudson County, New Jersey. This modern facility has recently been updated and has state of the art equipment which represents a substantial value. The business consists of a six day operation (closed Monday) hours of operation 7:00 am to 7:00 pm and offers retail and wholesale services with a gross yearly income of $550,000, and a consistent net income of $160,000. The business has seven employees who are expected to remain post closing and are not aware of the pending sale. This Dry Cleaning business is located in a modern commercial mall with various other retail stores that attract a large volume of workers and shoppers. The business offers a substantial growth opportunity by instituting a marketing plan and expanding with drop store locations. This is an excellent opportunity to enter into an ever growing business industry with high earnings. The facility which consists of 2,800 square feet in an active mall on a high traffic, county road. The business is state of the art and is fully equipped with updated modern equipment and a large walk up counter for fast service. Located in an active urban area of Northern New Jersey with a large population of working residents who continue to require this particular service.
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