Two Dry Cleaners
Asking Price: | $599,900 |
Gross Revenue: | $600,000 |
FF&E: | $110,000 |
Cash Flow: | $150,000 |
Inventory: | $500 |
Established Year: | 1990 |
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.