HS Listing ID-72755
Business Highlights:
30+ Years in the Same Location: Continuously operated in the same high traffic location for more than three decades under long-tenured prior ownership. Customer relationships on record span ten-plus years — the kind of habitual, recurring ticket flow a new entrant needs a decade to build.
Growing Under Current Ownership Without a Price Increase: The store has grown since the current owner took over about a year ago, driven by operational improvements rather than pricing or marketing spend — leaving pricing power fully intact for the next owner.
Exceptional Margin Structure on a Three-Day Production Crew: The plant runs on a three-day-per-week presser and a three-day-per-week spotter plus counter coverage. Sustaining this level of volume on a part-time production schedule is uncommon in this industry and reflects a high-average-ticket store in a high-income trade area.
Full On-Site Plant — Nothing Outsourced: All garment cleaning performed in-house on owned equipment. Consumable supply costs are minimal, limited essentially to hangers and poly bags.
Organic Wet Cleaning — No Perc: The plant operates a wet cleaning system with no perchloroethylene or comparable solvents, materially reducing environmental compliance exposure, permitting friction, and insurance complexity relative to a traditional solvent plant.
Alterations Brought In-House: Ownership invested in on-site sewing machines, capturing alterations margin that was previously sent out to a third party and are now done on site.
5.0 Google Rating and Regional Recognition: Perfect 5.0 rating with reviews citing garment quality, the on-site seamstress, and counter service. Recognized among Long Island’s top cleaners, with plaque and in-store banner on display.
Highest-Rated Cleaner in the Submarket, With No Comparable Competitor Within a Half Mile: The nearest competing operators sit 0.6 to 1.1 miles out and carry meaningful service gaps — one is cash-only and closed Mondays, another closed Tuesdays, and two more sit at 3.5-star ratings with recurring garment-handling and service complaints.
Errand-Stack Retail Position: The store anchors a daily-needs cluster alongside a 5 AM bagel shop and deli, a Sobol açaí café, and a convenience shop, with a UPS Store, liquor store, and card and gift shop one block north.
Skilled Staff In Place, With Prior Owners Available: Conveys with an established team including a high-quality presser, spotter, counter staff, and tailor.
New Five-Year Lease Signed March 2021: Full term conveys with no near-term renewal risk. 3% annual escalation with a nominal $100 monthly common charge covering common-area cleaning and maintenance.
Modern POS With Full Reporting Visibility: A new point-of-sale system replaced a legacy DOS-based platform in February 2024. Sales, ticket, and customer data are fully reportable — a buyer inherits real operating visibility rather than reconstructed records.
Structured for Part-Time Ownership: The business does not require full-time owner labor. Ownership recommends roughly three days per week of owner presence to maintain quality standards and customer relationships.
Growth Lever — Pickup and Delivery Not Currently Offered: The store generates zero P&D revenue today. Walk-in customers request the service regularly and are turned away. In a trade area of this income profile, this is the highest-ROI addition available and requires no incremental plant capacity.
Growth Lever — Two Multifamily Buildings Pre-Identified, Introductions Offered: The seller has personally toured two high-rent apartment buildings in the Forest Hills / Queens Boulevard corridor, 15–20 minutes from the store, at approximately 100 units each — nearly 200 doors combined — and has offered to introduce the buyer directly to the building managers and supers at closing. Additional buildings in the same corridor are accessible.
Growth Lever — Roughly $400 Per Week in Tailoring Currently Declined: The tailor is available primarily on weekends, and weekday alterations work is turned away on turnaround. Adding weekday tailoring capacity converts existing walk-in demand into revenue on the order of $20,000 annually at alterations-level margins.
Growth Lever — Untouched Pricing Headroom: Prices have not been meaningfully raised despite a trade area with income roughly 1.8x the national median and a demonstrated willingness to pay for service quality.
Natural Bolt-On for an Existing Plant Operator: A buyer with existing production capacity can run this location on counter staff alone and route garments to their own plant, stripping out most production payroll and driving the effective acquisition multiple down materially.
Seller Cooperative on Transition: Seller is willing to provide training and assistance temporarily post sale.
Reason for Sale: Owner retirement. Ownership is dissolving a passive partnership and exiting the industry.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
