Owner Financing is Available!
Business Overview:
Profitable dry cleaning store with adjacent coin-operated laundromat. Corner store location in shopping center on busy four-lane street near major Interstate exit.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Fully equipped dry cleaning configuration including, inhouse Shop Star plant and ancillary pressing machines. 30 Maytag standard size washers and 5 large capacity Speedqueen washers. 18 standard size Speedqueen dryers and 1 large capacity Speedqueen dryer.
Market Competition and Expansion:
Dry cleaning is one of the most stable of all US retail service industries. There are approximately 20,000 dry cleaning businesses and 10,000 coin-operated laundromats. Annual sales are estimated at $10 billion, with nearly 50% of the owners in business over 10 years. Many laundry/dry cleaning businesses are family operated and even passed on from one generation to the next . Laundry/drycleaning demand can be relatively resistant to economic downturn, depending on the store location and customer demographics. US consumer spending on retail services, a reliable indicator of laundry/dry cleaning demand, rose 1.2% December 2010 compared to December 2009.
Reason for Selling:
Recent disability injury.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: