Confidential Peabody, MA 01960
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.