Two Dry Cleaners

Union County, NJ
Modern Cleaners
Asking Price:$599,900
Gross Revenue:$600,000
FF&E:$110,000
Cash Flow:$150,000
Inventory:$500
Established Year:1990
BUSINESS DESCRIPTION

Owner retiring for this wonderful opportunity to own a highly profitable modern dry-cleaning business in affluent area of Northern New Jersey in the county of Union. This is a well-known family owned and operated modern Dry-Cleaning business. The dry cleaners have been in business since 1977 with a wonderful reputation for quality service and excellent fair prices. The business had a consistent annual gross income and a solid net income. The owner is semi retiring to Florida after many years and will supply a smooth transitional period to the purchaser. The 2023 yearly gross income represented by the seller owner is $675,000 and the business has a yearly net income of approximately $150,000 based on an onsite owner operator and prior to any debt service.


DETAILED INFORMATION
Location
Union County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
01/01/2035
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facilities consist of 3,00 square feet in an attractive commercial setting with private parking as part of the lease agreement. The plant facility is fully modernized with updated equipment to conduct its services and an attractive walk-up counter for convenient service. This business is located in an upscale area of Union County, New Jersey on an active commercial avenue and county road close to various state highways. The cleaners have an excellent location close to various communities with a continued need for these services.
Competition
There are no similar dry cleaners in the immediate area and the general area has limited dry cleaner competitors, seller has agreed to supply an appropriate non-compete agreement to the new operator.
Growth & Expansion
With a more aggressive marketing plan the business can be further improved and developed, representing a high net profit for the owner operator.
Financing
To be determined
Support & Training
The seller will remain after closing and supply a long-term transitional period.
Reason for Selling
The seller is semi retiring to Florida after many years of success in this indus
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Ron
Cervelli
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Ron Cervelli