Price Reduced: Dry Clean Plant w Seller Financing Property Available

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Asking Price:
$295,000

Gross Revenue:
$451,027
Cash Flow:
$110,166
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,500
included in asking price

FF&E:
$130,000
included in asking price

Real Estate:
$620,000
not included in asking price

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Business Description

This is a great opportunity to own a well established Dry Cleaning Plant on a high traffic main road in Bergen County with both commercial and residential areas nearby. The owners have been in business for 28 years, with the last 14 years in the current location. The business is 75% wholesale and 25% retail. The operation is run by the full time owner and has 16 long term accounts which include laundromats, delivery routes and dry clean drop stores. The clients consistently pay weekly.

This 6,000 sq ft stand alone facility is fully equipped for volume with well maintained equipment (valued at $130k) that includes 2 dry clean machines (organic & perc), hot head press, 4 utility presses, a double buck, 3 collar & cuffs, 2 sleevers, boiler, compressor and more. Alterations are outsourced. The sale also includes a Chevy Express 3500 truck.

The owner reduced the client base several years ago for personal reasons. As a result there is tremendous upside potential for an experienced, savvy owner operator to take advantage of the large space, experienced team, and equipment to double the existing client base. The seller also owns the property, valued $620k, and is willing to sell the property or provide a long term gross lease at $5,000/month.

Motivated seller is planning on pursuing a new business opportunity. The business is now offered at $295,000 with a down payment of $225,000 and the seller will finance the $70,000 balance, terms negotiable.

For more details, call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

About the Business

Location:
Bergen County, New Jersey
Year Established:
1990
Number of Employees:
3 PT 6 FT
Real Estate:
Owned
Building Sq. Ft.:
6,000
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About the Sale

Reason For Selling:
Owner entering into a partnership and pursuing a new business opportunity.
Training/Support:
Owner will provide training & support for up to 2 weeks after closing.
Seller Financing:
Financing TBD

Listing Info

ID:
1596994
Ad Detail Views:
0

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Business Listed by

Paul Holveck

Executive Business Brokers

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Sponsoring Broker:

Larry Bodner
Executive Business Brokers

U.S. Census Data for Bergen County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bergen County, NJ
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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