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Modern Dry Cleaners

Roseland, NJ

Seller Financing Available

Modern Cleaners
Asking Price:$199,900
Gross Revenue:$255,000
Rent:$3,800/Month
Established Year:2017
Cash Flow:$80,000
Inventory:$1,000
FF&E:$75,000
Listing ID: 2278699Listing provided by BizBuySell
BUSINESS DESCRIPTION

Exciting business opportunity to own this ultra-modern dry-cleaning business in the most affluent community of Essex County, New Jersey. Dry Cleaners is a blend of innovation and service that's changing the dry-cleaning experience for good. Now is an exciting time to get in on a ground-floor opportunity with a growing brand. Prices pant $6.00, Suit $13.00, Sweater $6.50, L shirts $2.75, Dress $13.00. We look forward to hearing from you soon and assisting you in a successful purchase. This is a dependable business opportunity. The 2024 yearly gross income is projected at $255,000 and a yearly net income of approximately $80,000 based on an onsite owner operator and prior to any debt service.

Price / Terms: The business has been valued at $199,900 based on a projected multiple of the net yearly income including the value of the specific business assets. Owner financing is available.

DETAILED INFORMATION
Location
Roseland, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,335
Lease Expiration
01/01/2030
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This dry cleaner’s is located in a highly active commercial mall with many other successful retail businesses. The business is on a busy four land county road in an affluent community of Essex County New Jersey. The facility, which consists of 1,675 square feet, has an ultra-modern professional appearance with an attractive appearance. The business is in a mid-size commercial mall with various other active and successful businesses.
Competition
No competitors presently exist near the facility and 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.
Growth & Expansion
The business is six months new and requires additional time to develop. Also, this is a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.
Financing
. Owner financing is available.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling
The sale is due to the owners’ relocation to an alternative business opportunity
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Ron
Cervelli
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Ron Cervelli
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