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Retail Dry Cleaners for sale in Mercer County, NJ

Mercer County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 79,000 $ 195,000 $ 52,000

Furniture and Fixtures Value:
$ 70,000 (included in the asking price)

Business Summary:
Long standing retail dry cleaners with a gross income of $195,000 and a net yearly income of approximately $52,000 based on an onsite owner operator and prior to any debt service. They care for their customers’ garments as though they were their own. They pride themselves in providing timely, convenient, reliable service of the highest quality while assisting their customers in a courteous, attentive and professional manner. This residential dry cleaner is in a large modern commercial mall in Mercer County, with many other active businesses. This is an owner/operator dry cleaning business opportunity which consist of two full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,750. The business transaction has an assignable commercial lease which expires 08/31/2025, plus additional options available, with a monthly rent of $4,200 all in, cost per square foot is estimated at $24 and rent security of approximately $7,500, moderate yearly rent increases. The business has been valued / priced at $79,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity.

 

   
Year Business was Established: 2001
   
Number of Employees: 2  
   
Facilities / Terms of Lease: The company is in a mid-size commercial mall with various other active and successful retail businesses. This successful retail facility which consist of approximately 2,100 square feet has an attractive professional appearance. This opportunity is in Central New Jersey, Mercer County, which consists of various highly populated communities with continued demand for this personal service.  
   
Potential Growth/Expansion: The business can be further expanded by the new operator by instituting a marketing plan and local advertising, creating a web site and offering delivery service which can further develop the business yearly gross sales.  
   
Competition: 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.  
   
Owner willing to train: The owner will remain after the closing and is prepared to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: Owner is retiring.  
   
Seller Reference Number: DRCL212
BusinessMart.com Listing Number: 248329
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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