High volume commercial dry cleaning company and located in an active and urban area of Bergen / Hudson County, New Jersey. Owner is retiring after many successful years in this service industry. This Dry Cleaning business is located in a busy commercial mall with numerous other retail stores that attract a large volume of workers and shoppers. This 2,700 square foot modern facility has recently been updated and has well maintained equipment representing a substantial value. The business consists of a six-day operation and offers retail and wholesale services with a gross yearly income of $550,000, and a consistent net income of $150,000. The business offers a substantial growth opportunity by instituting a marketing plan, increasing their wholesale services and expanding with drop store locations. This is an excellent opportunity to enter into an ever growing business industry with high earnings. Based on the asking price, required down payment and net income this business should supply a 33% return to the owner operator prior to debt service. The business is located in an active urban area of Bergen County, New Jersey with a substantial population of working residents and professionals who continue to require this particular personal service. The facility which consists of 2,700 square feet in an active mall on a high traffic, county road. The business is fully equipped with updated modern equipment and a large walk up counter for fast service. The owner is retiring after many years of success in this service industry. The business assets has an estimated value of approximately $170000 which is based on replacement cost and the sale consists of a fully equipped commercial retail wholesale dry cleaning business, which includes 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.

Posted Sep 23, 2016

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