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Well-Known And Established Dry Cleaner And Alterations Business For Sale

Loudoun County, Virginia, US
Asking Price:
$99,995 Furniture / Fixtures included
Sales Revenue:
$215,403
Cash Flow:
$67,205

Excellent opportunity to own a dry cleaning drop-off and pick-up business located in the eastern part of Loudoun County. The business is well-established having served the community for over 30 years and is located in a popular and growing part of Northern Virginia. The business has good visibility and easy access from prominent thoroughfares. This greater area has seen continued growth and development with residential housing, condos, and apartments as well as many condos and apartments under construction nearby.

The business is situated on the ground floor of a professional office building with excellent visibility and accessibility from the surrounding shopping center. The business has good signage and a 24 hour drop-off box for customer convenience. There are several well-known anchor businesses including a number of national brands and many other complementary stores in the immediate vicinity. There is also a significant residential presence in the general area. The landlord provides great service and promptly responds to maintenance calls and maintains all the landscaping and flowers in front of the business. The space is leased for the Rent of $4,160/mo, plus CAM of $261 with a couple of years left on the existing lease and the landlord is willing to provide an option to extend. Please note, in this case, CAM INCLUDES UTILITIES: electric, water, A/C and heating (not telephone/Internet) and also includes building inside/outside maintenance including snow removal. (CAM may change year to year, all tenants contribute).

The commitment to courteous service with fair prices has enabled the business to grow and expand over the years while maintaining high quality dry cleaning, laundry, and alterations services. The business has a fantastic reputation with a loyal customer base making this a true turnkey opportunity that’s ready for a new owner.

Property Information

Real Estate:

Lease

Location:

The business is situated on the ground floor of a professional office building with excellent visibility and accessibility from the surrounding shopping center.

Premises Details:

The interior space measures 1,049 square feet along with a spacious fitting room. The space is leased for approximately $4,421/mo (Base Rent of $4,160, plus CAM of $261) with a couple of years left on the existing lease and the landlord is willing to provide options to extend.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

There is room for growth and expansion. A new owner may want to consider implementing a new marketing and advertising campaign and establishing a website to create further awareness of the business and its services. Pick-up and delivery service can be a high profit margin opportunity, which a new owner may choose to explore.

Competition / Market:

There is standard competition for the industry and market, but the business has a loyal customer base which is backed up by excellent online reviews. The business successfully navigated the pandemic, which was a challenge for the industry and has shown stable revenue and cash flow numbers in recent years. There has been notable uptrend in revenue as many customers have been physically returning to their offices for in-person work.

Reasons for selling:

Owner is retiring.

Employees:
1
Years established:
34

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Available depending on the final purchase price, terms and qualifications of the buyer.

Furniture / Fixtures value:
$5,000 - included in the asking price