Listing Number: 60365-488511
Description
A well-established Dry cleaner of 40 years, with great reputation in Montgomery, NJ! Located in a high traffic shopping center with a major grocery chain anchor, this location is a great opportunity for someone seeking upside potential with a low investment. Currently the location is operated by a senior couple who are ready to retire and pass the baton on to a new owner who can maximize its potential. With 2500sqft of space and already equipped with machinery to handle 2-3 times current volume, the new operator can build relationships with drop stores in the area for wholesale accounts.
Just minutes away from Princeton, Montgomery township is experiencing rapid growth with numerous multi-family and commercial developments. Currently there are two multi-family construction developments in progress, as well as new retail space being built right next to the shopping center. With great service, improved hours of operation, proper marketing and staffing, this location can experience a significant upside in revenue and profitability.
Listing Details
- Price: $150,000
- Down Payment: $150,000
- Sellers Discretionary Earnings: $58,959
- Total Sales: $147,694
- Location: Somerset County, New Jersey
- Inventory: $2,000
- FF&E: $167,000
- Employees: 0
- Reason for Selling: Retirement
- Category: Cleaning/Clothing,Cleaning,Clothing
