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#Business ID: 19195

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High Profit Dry Cleaner & Laundry Business

Business Location: Morris, New Jersey, United States

Asking Price: $ 525,000 Revenue: $ 450,000 Cash Flow: $ 270,000

Business Summary

Great opportunity to increase sales in a high margin business.

An opportunity to buy a high margin great cash flow business in a great town.

Unbeatable long long term lease.

Priced at a low multiple and owner is ready to sell.

Facilities: 1700 SF store with 25 year lease @ $4,000/month including real estate taxes with 3% increases. Fully equipped with laundry, shirt presses and hydrocarbon dry cleaning machine. All in excellent condition.

Property Details

Years Established:

1985

Property Type:

Lease

Other Business Details

Competition:

On site facility allows the store to price competitively. Currently 1,000 shirts per week.

Expansion Potential:

Facility can handle wholesale business. More advertising, pickup and delivery service can increase retail sales.

Business Operation Details

Employees:

3

Support & Training:

Owner will transition.

Miscellaneous Details

Reason For Selling:

Retiring

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