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$289,000

Est. payment - /mo

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1,100 SqFt

Price Dropped by $10K

2 Jfk BLVD Franklin Twsp, NJ 08873

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Youssef Genid

info@roglegend.com +1(973) 772-0660

UPDATED:

Key Details

Property Type Other Rentals

Sub Type Professional Service

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $262

MLS Listing ID 2614882R

Property Sub-Type Professional Service

Source CJMLS API

Property Description

Dry Cleaning Business for Sale - Semi-Absentee, Established 9+ Years Well-established dry cleaning, laundry & alterations business with strong systems, trained staff, and consistent repeat clientele. Owner is stepping back due to health reasons after 30+ years in the industry. Financial Overview Gross Revenue: $280K - $300K annually Net Income: ~$40K-$55K+ Additional upside from cash + tailoring income Turnkey Operations (Easy to Run) Semi-absentee model Owner involvement: minimal (review weekly numbers) Store opens in morning; staff runs operations Training provided: 2-4 weeks Full computerized customer database (1,000-2,000+ clients) Revenue Streams Dry cleaning (on-site plant) Shirt laundry (partially outsourced) Alterations (high-margin - ~$40 per jacket, etc.) Draperies & wedding gowns 6 wholesale accounts (steady volume) Outside contract work Staff & Setup 3 full-time employees (experienced, long-term) 1 additional helper 2 drivers (3 days each rotation) ~$300/week per driver Diverse, trained workforce (no dependency on owner) Equipment & Investment Fully equipped dry-cleaning plant $25,000 recently invested in boiler + upgrades All machinery in place (pressing, cleaning, tailoring) Business History Current location: 8-9 years established Owner has 30+ years experience (previously operated 3 stores) Proven systems and repeat customer base Growth Potential 🚀 New apartment complex coming in 2 years → Major increase in in traffic Expand pickup/drop-off satellite locations Add more wholesale/commercial clients Increase tailoring & premium services Seller Motivation Owner is scaling down due to health and age, looking for a smooth transition to a serious buyer. Pricing Asking Price: $300,000 Operations & Equipment (Fully Functional Plant) Machinery & Setup Fully equipped on-site dry-cleaning plant Boiler system - automatic operation (turns on/off as needed) Air Compressor (NEW) Recently installed (within last 1-2 months) Critical for dry-cleaning operations (pressing, finishing) Pressing machines, finishing stations, and full workflow setup in place Maintenance & Reliability All machines are operational and maintained Recent investment ensures low immediate repair cost Boiler and compressor systems are standard easy to service locally No major breakdown issues currently Daily Operations (Simple System) Front counter managed by staff Back-end handled by trained employees If front desk is empty briefly, staff in the back supports operations Business continues smoothly without owner presence Staff Capability Employees handle: Machine operation Pressing & finishing Customer service (basic) Owner not required for daily technical work Efficiency Advantage System already set → no need to build from scratch Buyer can step in and run immediately Option to improve further with: Better front-desk management Extended hours Pickup/delivery expansi

Location

State NJ

County Somerset

Interior

Heating Forced Air

Cooling Central Air

Appliance Appliances, Washer/Dryer

Heat Source Natural Gas

Exterior

Exterior Feature Fire Sprinkler, Security System

Utilities Available Electricity Connected, Natural Gas Connected

Building

Lot Description Near Shopping, Near Train

Sewer Public Sewer

Water Public

Others

Senior Community no

Security Features Fire Sprinkler System,Security System

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2614882R

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Youssef Genid

Broker | License ID: 9701533

+1(973) 772-0660

2 Jfk BLVD Franklin Twsp, NJ 08873

Youssef Genid

Key Details

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Interior

Exterior

Building

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2 Jfk BLVD