Dry Cleaner - Literally A Fire Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $240000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 1 - 3
Inventory 75000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Other Obligations.
Description This dry cleaner is the only one in town and enjoys a very loyal customer base. It has been in operation for many years and occupies 2,000+ sq. ft. in an extremely busy outdoor shopping plaza in the center of town.
The town itself is a growing area surrounded by a number of new, upscale, active adult communities resulting in substantial potential growth of the business. There also seems to be a added revenue opportunity by introducing delivery service.
The current owner took over operation in December 2004 and upgraded much of the equipment including a new boiler at that time. The balance of equipment is in excellent condition.
Unfortunately the store suffered a minor fire in mid May and clean-up is underway. None of the equipment nor any of the customer's clothes were damaged and the store will reopen in a matter of days.
The business has consistently averaged $240,000 annual gross revenue and is a proven money maker. The current owner is selling only because he also owns 3 restaurants and finds it impossible to devote the time required to continue to grow this business.
Lease terms are favorable with more than 8 years remaining. Current rent is $3,250 monthly, including CAM charges and annual increases are limited to $60 monthly. You owe it to yourself to check this one out! Contact for more information on this Dry Cleaner business for sale.
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