Golden Opportunity to Acquire a Dry Cleaning Drop Store

Morris County, NJ
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Sale Pending
Asking Price:$100,000
Gross Revenue:$346,612
Established Year:2004
Cash Flow:$252,372
Rent:$3,800/Month
BUSINESS DESCRIPTION

After 40 successful years in the dry cleaning industry, the current owner is retiring and offering an incredible chance for a new entrepreneur. This location is a drop store in Randolf and comes as a package with plant in Somerset, with a combined revenues of nearly $700,000.
Enjoy the benefits of a loyal customer base and a solid reputation built over decades. With established operations, there’s ample room to increase revenue through marketing, services, or adding wholesale accounts. Benefit from the owner’s expertise and guidance during the transition.
Don’t miss your chance to own not just one, but two thriving dry cleaning businesses at a competitive price! Note that the listed price is just for this location only. However, the sale is a package deal for both locations price at $100,000 each.


DETAILED INFORMATION
Location
Morris County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,750
Employees
1
Facilities
Facilities: There is additional storage space of 400sqft in the basement.
Competition
Three of the drop stores in the area closed down after COVID. The only other competition is Express Cleaners on Route 10.
Growth & Expansion
Can add same day and rush services to add to sales. Improvements can be made with customer service.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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Sung Yun
Lee
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Sung Yun Lee