Dry Cleaner Specializing in Alterations and Repairs

Business
  • Listing# : 16377
  • Listed Price : $85,000
  • Total Sales : $559,583
  • SIC : 7219
  • Down Payment : $85,000
  • Status : Active
  • Discretionary Earnings : $20,982

Business Type :

Cleaning / Dry Cleaners; Tailoring / Alterations

Business Description :

Operating 17 years, this location has established a formidable following in a primary city in Hampton Roads, Virginia. In addition to providing a Dry Cleaning Service the facility is well known for their ability to perform alterations in time for major life events like high school proms, homecomings, graduations, and weddings. The business is fully equipped with all of the fixtures necessary to accomplish the task at hand including updated computers and software. Included are 4 commercial sewing machines, specific operating areas, and dressing rooms. Improvements and updates were made in 2019 to the tune of $50,000 and are included in the purchased assets. Included as well are all of the organizational racks to handle dry cleaning workflow. A strong and established client base is returning, and while the pandemic had the business closed for a period of time in 2020 the performance of the business in 2019 was spectacular and 2021 appears to be outperforming 2019, as customers are catching up for lost time as a result of COVID-19. The current staff in place takes care of all of the alterations, but a Buyer candidate will need some level of alteration and sewing experience in order to comfortably take over the operation. That said, the current owner will provide ample training and introductions to the current customer base and clients. And will also participate in a transition long enough to insure the Buyer is comfortable in taking the business on their own.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $55,117
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $29,427
    • Incl : Yes
    • Total Assets $84,544
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Cleaning, Tailoring