120 Cedar Grove Ln Somerset, NJ 08873
For Lease
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This exceptional business opportunity presents a thriving dry cleaning establishment located at 120 CEDAR GROVE LANE, Somerset, NJ. Priced at $100,000, this turnkey operation boasts a substantial existing clientele, comprehensive inventory, and significant goodwill. Services offered include dry cleaning, wash and fold, alterations, and pressing, ensuring a diverse revenue stream. The sale includes all inventory, equipment, a fully functional point-of-sale (POS) system, and the established customer base. Detailed financial information and operational specifics are available upon request for qualified buyers. The owner is prepared to provide training to ensure a smooth transition for the new owner. This prime location within Franklin Township benefits from high visibility and proximity to other established businesses, ensuring consistent customer traffic. The property enjoys convenient access to major roadways, including Routes 287 and 27, making it easily accessible for both customers and employees. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CR · Somerset, NJSomerset. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.