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Established High Volume Dry Cleaners in Mega Busy Shopping Center

Monmouth County, NJ

Established High Volume Dry Cleaners in Mega Busy Shopping Center
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Asking Price: $495,000

Cash Flow: $248,097

Gross Revenue: $537,451

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2004

Established High Volume Dry Cleaners in Mega Busy Shopping Center

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Business Description

Dry Cleaner in Heavy Traffic Huge Shopping Mall
Size:2400 SF, Total Sales Volume: $587,000 past 1 Year ( May to May of 2019), Net income of $250,000
Average Over $530,000 Previous 5 years
Rent: $5500 Plus Cam and Garbage Disposal and Electricity, tenant pays for only on Gas.
Lease: 15 Years- New, Year in Business: 16 Yrs.
5th Generation DRY Cleaning Machine in Top Condition.
Net Income:$248,097.01
Cash/ Credit Ratio: 50/50

Yr 2016 r: 527,560.55 (Alteration:67,301.42)
Yr 2015- $533,111.80 (Alteration: $79,643.92)

Detailed Information

Location:
Monmouth County, NJ
Inventory:
Included in asking price
Employees:
3
Facilities:
Busy Huge Shopping Mall with Tons of Parking-National Key Tenants, 2400 SF , Cool Dry Cleaner Plant- 50 Lbs Dry Cleaning Machine(14Yr) 15 HP- Fulton Boiler, Newer Hot Water, Shirt Machine, 3 Pressor, Suzie etc
Competition:
Yes
Growth & Expansion:
Yes, Currently- No Delivery Service. You can add pick and delivery service.
Support & Training:
3 Week Training
Reason for Selling:
Retirement
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(from currently available funds)
 
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ERIC SUH

Business Listed By:
ERIC SUH

Young Star Realty, LLC

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