MergerPlace

Dry Cleaning Services

Washington (King)


  • Asking Price: $150,000
  • Gross Income: $165,051
  • Cash Flow: $59,425
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #213290
  • Established: 1984
  • Employees: 1 FT

Business Description

This environmentally friendly cleaners has been in operation for over 35 years at the same location in one of Seattle's exclusive upscale neighborhoods. It has the latest in environmentally safe cleaning equipment and processes. Conveniently situated adjacent to the high traffic anchor for the shopping center, the business captures a continuous stream of new customers. It boasts a large loyal customer base with the disposal income and demand for local services which is the prime ingredient for a successful cleaner business.


Business Details

Primary Business Category: Services - Business
Location: Washington
County: King

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $150,000
Gross Revenue: $165,051
Cash Flow: $59,425
FF&E: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

The location has 1650 sq ft of well planned space for optimum work flow. There is a area near the front counter for alterations and a private dressing room for fittings. On a month to month lease the monthly rate is $3250 including Triple Net charges. The Landlord welcomes a new lease and terms.

Growth & expansion opportunities:

Competitive cleaners, today, are going to the customer. They can send a person door-to-door in the neighborhood to sign up customers for free pick-up and delivery service. Making calls when customers haven't been in lately letting them know "you haven’t been in for a while–would you like us to send out a truck to pick up your dry cleaning?” Of course, the call reminds the customer that they have a few items needing cleaning.·Creating a loyalty card program such as, with 20 purchases of $15 or more, I get $20 in free dry cleaning. It’s a significant benefit that makes the card worthwhile, and keeps customers coming back. Using technology appropriately so that if a customer forgets a cleaning receipt, it can be looked up easily in the computer. Also, a plus would be offering special services such as off-season storage and alterations.

Competition:

The US dry cleaning industry is a.$10 billion industry. According to a 2017 article in Business Trends, the dry cleaning industry is expected to grow 4% annually over the next several years, reports Integra Information. Going "Green" is currently the trend for business and especially the cleaners industry. This business has the latest of equipment and environmentally safe cleaning processes. There is another cleaners a few blocks away but hasn't affected the client base or revenues.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. The business provides environmentally friendly cleaning of garments and draperies as well as alterations. The owner will train on alterations if requested. The new owner will need a business license.

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Business Listed By:

Claudia Smith

Murphy Business Brokers