Dry Cleaners with Income Property
Property Description
This well-located dry cleaners was purchased by the current owner in 2017, completely renovated, and reopened, successfully running the business to this day.
At that time, two dry cleaning machines were purchased and operated for wholesale purposes, but the owner stopped wholesale during the pandemic. If you are a new buyer with dry cleaners business experience, you can be sure that this is a really good location and has great potential because the equipment is good. Also, the stedy building income from the 2 units will be a solid support. The total price including the building is $2,450,000. The CAP is 6%. But sellers will decline offers for buildings only, excluding business.
Price $320K is for business only.
At that time, two dry cleaning machines were purchased and operated for wholesale purposes, but the owner stopped wholesale during the pandemic. If you are a new buyer with dry cleaners business experience, you can be sure that this is a really good location and has great potential because the equipment is good. Also, the stedy building income from the 2 units will be a solid support. The total price including the building is $2,450,000. The CAP is 6%. But sellers will decline offers for buildings only, excluding business.
Price $320K is for business only.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- The 3600 sq building is currently divided into 2 units, 2400 sf owned by Dry Cleaners and 1200 sq occupied by Tobaco Hut. The building is located on Gordon Blvd, so it has good visibility and is right next to a 7-Eleven. It is close to all the roads including I-95, I-495, I-395, and Rte 1, so it is considered the best wholesale location.The dry cleaners itself is spacious and the equipment is in good condition.
- Location Description
- The location is so prime that it is not easy to find property in this area. For buyers purchasing a business, the seller will provide two weeks of training after closing.
- Current and Prior Use
- This place was used as wholesale dry cleaners (plant) before 2017, and the current owner purchased this building and did a total renovation, and did wholesale for a while before pendamic, but since then, it has been operating mainly for customers who visit its own stores. It is currently raising around $9K per weeks.
- Year Built
- 1971
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- N/A
- Current Property Expenses
- Ask to a listing agent
Listing Info
- ID:
- 2394074
- Listing Views:
- 558
Listing ID: 2394074 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.
Similar Listings
