Long-Established Dry Cleaner in Prime Downtown Summit Location

Asking Price$199,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$198,000

Inventory$3,000
Included in asking price
FF&ENot Disclosed

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Long-Established Dry Cleaner in Prime Downtown Summit Location


Asking Price$199,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$198,000

Inventory$3,000
Included in asking price
FF&ENot Disclosed

Business Description
Excellent opportunity to acquire a long-established dry-cleaning business located in the heart of downtown Summit, one of Union County’s most desirable and high-income communities. The business has served the local area for decades and benefits from strong neighborhood recognition, pedestrian traffic, nearby train access, street parking, and convenient municipal parking in rear.

This is an owner-operated business with most work performed in-house. Equipment is paid off, expenses are relatively simple, and the business is well-suited for an owner-operator looking for an established local service business with steady repeat customers.

Seller-provided POS and merchant records indicate annual gross sales of approximately $190,000–$200,000. Seller estimates owner benefit at approximately $6,500/month, subject to buyer verification during due diligence. Current rent is on a very low-end, making it attractive for the downtown Summit market. Seller indicates the landlord has been supportive and may be open to providing a new lease to a qualified buyer, subject to final lease terms and landlord approval.

Potential upside may include more active marketing, pickup/delivery service, customer outreach, extended hours, and improved online presence. Seller is retiring and is willing to assist with a smooth transition after closing.
About the Business
Years in Operation
34
Employees
1 Part-time
Owner-operated business with one part-time press worker used approximately 2–3 d
Facilities & Assets
Leased storefront located in downtown Summit with approximately 1,300 SF, subject to buyer verification. Current rent is approximately $3,500/month gross, subject to landlord approval and final lease terms for the buyer. The location benefits from nearby municipal parking, street parking, pedestrian traffic, and close proximity to the Summit train station.

Most dry-cleaning work is performed in-house, except for shirts, which are outsourced to an outside vendor. Equipment is paid off and included in the sale, subject to final equipment list verification. Inventory, supplies, customer records, goodwill, phone number, and business name may be included in the sale, subject to final agreement.
Market Outlook / Competition
The business is located in downtown Summit, one of Union County’s most desirable and high-income communities. The location benefits from nearby residential neighborhoods, professional traffic, pedestrian activity, NJ Transit access, street parking, and convenient municipal parking nearby. The business has served the Summit area for decades and benefits from long-standing local recognition and repeat customers. While the dry-cleaning industry was affected by remote work after COVID, recent sales show signs of gradual improvement, and the business remains well-positioned due to its history, location, customer base, and favorable rent.
Opportunities for Growth
Growth opportunities may include more active local marketing, improved online presence, Google review management, pickup and delivery service, customer text/email reminders, residential building partnerships, office/customer route service, expanded laundry service, alteration promotion, extended hours, and stronger outreach to local residents, commuters, and professionals. A younger or more marketing-driven owner may be able to increase sales by modernizing customer communication and promoting convenience-based services.
Real Estate
Owned or Leased
Leased
Rent
$3,500 per month
About the Sale
Seller Motivation
Seller retiring after many years in business.
Transition Support
Seller is willing to provide hands-on transition support after closing to help ensure a smooth handoff. Training may include customer introduction, POS procedures, vendor contacts, pricing practices, garment handling, daily workflow, and general business operations. Seller may also consider part-time involvement after closing under a separately negotiated arrangement.
Listing Info
ID
2536111
Listing Views

Listing ID: 2536111 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.