Dry Cleaners. drcl259

Price: $220,000 Location: Essex County, New Jersey Industry: Dry Cleaning Listing ID: DRCL259 Exciting business opportunity to own this ultra-modern dry-cleaning business in the most affluent community of Essex County, New Jersey. This is a five-year young company with continued growth. Dry Cleaners is a blend of innovation and service that’s changing the dry-cleaning experience for good. Now is an exciting time to get in on a ground-floor opportunity with a growing brand. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial dry-cleaning retail business, which includes POS system, displays, shelving, boiler, pressers, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The 2024 yearly gross income is projected at $255,000 and a yearly net income of approximately $80,000 based on an onsite owner operator and prior to any debt service. Listing Details Revenue: $300,000 Cash Flow: $80,000 FFE: $75,000 (Included in Price) Inventory: $1,000 (Included in Price) Form of Ownership: LLC Reason For Sale: The sale is due to the owners’ relocation to an alternative business opportunity out of the immediate area. Training & Support: The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Operation Year Established: 2017 Days & Hours of Operation: This successful dry-cleaning business operation is active six days per week, with hours from 7:00 am to 7:00 pm. Owner Hours Per Week: Full Time Employees: This dry cleaner has one-part-time employee who is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll cost is approximately $1200. Location Security on Lease: Two Months Lease Option: Yes, Available Monthly Rent: 3850 Type of Location: Active commercial Mall Square Footage: 1675 Relocatable?: Yes Facilities Information: This dry cleaner’s is located in a highly active commercial mall with many other successful retail businesses. The business is on a busy four land county road in an affluent community of Essex County New Jersey. The facility, which consists of 1,675 square feet, has an ultra-modern professional appearance with an attractive appearance. The business is in a mid-size commercial mall with various other active and successful businesses. Summary Historical Summary: Five year young company. Owner Qualifications: This industry does not require government licensing approval to purchase or operate. Competition: No competitors presently exist near the facility and 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. Potential Growth: The business is six months new and requires additional time to develop. Also, this is a limited marketing plan, no web site and if improved can further develop the business yearly gross sales. Financing/Terms: Owner financing is available.