This profitable dry cleaning business has maintained strong earnings while steadily increasing sales over the past four years. The owner is highly motivated to relocate five hours away, creating an excellent opportunity for a new buyer to acquire a well-performing business with a relatively low down payment. Established for over 20 years, the business has built a strong presence and reputation within the local community.
- Asking Price:
- $950,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,246,343
- Cash Flow:
- $265,583
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent-$7.000, Lease Expiration Date-February 1, 2031
- Premises Details:
-
This dry cleaning business has been a staple in the community for over 20 years. Originally founded in 1993, it was acquired by the current owner in 2021. Since the acquisition, the owner has successfully grown the business, increasing annual sales from approximately $700,000 to $1.3 million. This growth was achieved in part by adding an additional drop-off location to help feed the main plant and increase overall production and efficiency.
Business Operation
- Expansion Potential:
-
1. Expansion of Drop-Off & Pick-Up Locations
2. Route-Based Pickup & Delivery Service
3. Commercial and Institutional Accounts
4. Specialty Cleaning Services
5. Digital Marketing & Online Ordering
6. Additional Plant Utilization
- Competition / Market:
-
Many dry cleaners in the immediate area have limited digital advertising and have not adapted to modern marketing strategies. While there are competing businesses, many are owned by older operators who have not updated their marketing or operational approaches, and others have closed because they failed to evolve with changing market demands.
- Reasons for selling:
-
Moving Locations/Family
- Trading hours:
-
Monday - Friday 7am-7pm Saturdays 8am - 2pm Sunday Closed
- Employees:
- 10
- Years established:
- 1998
Other Information
- Support & training:
-
2 weeks
- Furniture / Fixtures value:
- $230,000 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
