Dry Cleaner Wholesale / Retail
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $400000
Net Profit / Cash Flow $113000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 1 - 3
Inventory 105000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Other Obligations.
Description This well established, money-making, dry cleaning business includes an active retail storefront as well as a strong wholesale business. It is currently owner operated however there is sufficient cash flow to support absentee ownership.
The retail business benefits from great visibility on an extremely busy road which is a primary artery connecting the Garden State Parkway and Route 70 to the Long Beach Island Peninsula.
The wholesale business is solid and profitable with a list of prospective additional accounts.
Much of the equipment was purchased new and the facility was completely renovated in 2000 when the current owners opened for business. All of the equipment is top-of-the-line, in excellent operating condition and well maintained. Given the current revenue and value of the leasehold improvements and equipment the asking price of $425,000 is very reasonable.
The business can be purchased with the 4,000 sq. ft. building it occupies for an additional $530,000 with possible seller financing. It is a two story building with partial basement. The laundry is on the lower levels with vacant offices on the second floor, and 12 off-street parking spaces. General rents in the area range up to $23.00 per sq. ft. Contact for more information on this Dry Cleaner Wholesale / Retail business for sale.
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