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    Confidential Peabody, MA 01960

    Sponsored
    For Sale
    $150,000

    Profitable Dry Cleaner, Prime Location, Retiring Owner

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional opportunity presents the chance to acquire a well-established dry cleaning business in Peabody, MA. Boasting a remarkable 35+ year history and a loyal customer base, this turnkey operation is ready for a new owner. Included in the sale is a 5-year-old, 55-pound hydrocarbon dry cleaning machine, a washer, and three pressing machines – all essential equipment for continued operation. The current owner is retiring, offering the potential for owner training upon request, ensuring a smooth transition. Financial records demonstrate consistent growth and high customer satisfaction, showcasing the business's strong performance and potential for future expansion. Strategically located on a busy street with excellent visibility and convenient access near Routes 1 and 128, this prime location guarantees high traffic and customer accessibility. The 0.05-acre lot provides ample space for the existing operations. This is a rare opportunity to own a profitable, established business with a proven track record and significant growth potential. Don't miss this chance to step into a successful enterprise with a loyal clientele and a prime location. The asking price is $150,000.

    Property Features for Confidential

    General Information

    Property type
    Investment properties
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9785
    Latitude
    42.5425

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    FAQs

    What type of property is this?
    Investment property - Profitable Dry Cleaner, Prime Location, Retiring Owner
    Where is this investment property located?
    The property is located at Confidential Peabody, MA.
    What is the asking price?
    The asking price for this property is $150,000.
    (781) 640-9898
    Request Owner's contact information
    Confidential Peabody, MA 01960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Confidential Peabody, MA 01960
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