Description

Solid business opportunity to own this long standing and highly successful retail dry cleaners company located in Northern New Jersey and in an affluent city of Bergen County. The business functions as a dry cleaning plant and has the capacity to complete all of the services at the facility. The business assets have an estimated value of approximately $175,000 and the sale consists of a fully equipped commercial retail dry cleaning business, which includes various equipment related to this industry, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,300. The business has an assignable commercial lease which expires May 31, 2023 plus additional options, with a monthly rent of $4,252 and rent security $8,000. The Cleaners is located on an active commercial avenue which consists of 1,950 square feet and has a capacity for approximately thirty staff and customers. The facility has appropriate municipal parking near to the particular business. The business is active six days per week, with hours from 7:00 am to 6:30 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a highly dependable investment return to the owner operator prior to debt service. The 2015 yearly gross income is $197,312 and the business has a yearly net income of $71,420 based on an owner operator and prior to debt service. The business has been valued at $195,000, based on a multiple 2.8 of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Posted Jun 22, 2016

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