Profitable Dry Cleaner in Excellent Location

Houston, TX
Harris County

Asking Price: Annual Revenue:
$450,000 $424,544

Services: Dry Cleaning & Laundry

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RE: Profitable Dry Cleaner in Excellent Location Broker: Javier Zorrilla
Owner Financing is Available!

Quick Facts

Asking Price: $450,000
Annual Revenue: $424,544
Net Profit: Not Disclosed
Cash Flow: $183,755
Total Debt: Not Disclosed
FF&E: $252,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 5
BBN Listing #: 162044107
Broker Reference #: 76931-545364

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Business Overview:

Very well-located dry cleaner in the heart of the energy corridor with more than 20 years in operations and 13 years at the current location. The business has an excellent reputation in the neighborhood and has received multiple recommendations on next door and google. The current facility is fully equipped to handle all types of garments and could become the main hub for other dry cleaner drop stores in adjacent neighborhoods. Included in the sale price is a spacious dry clean plant with equipment in pristine condition.

Current owner has negotiated a favorable lease that secures an affordable rent for the next 15 years at a current price of $5,460 (rent extension available in year 5 and year 10), which includes NNN and WATER! In addition, the current owner has designed and perfected the dry-cleaning process, which has resulted in savings on main utilities (Electricity and Gas), as well as personnel.

The current owner acquired the business in May 2019. Previous owner / family had the business since 1998. The facility has been in placed at the current location since 2008. The facility is equipped with some of the best equipment in the industry and has ample capacity to grow. Current owner has redesigned the logistics aspects of the dry-cleaning process, which has prompted savings on utilities (Electricity and Gas).
The current owner is an international buyer who has different business abroad. Due to the pandemic, the business owner requires more free time to travel abroad to focus on other businesses.

The location of this dry cleaner provides important growth opportunities for a new owner to explore, which includes:
i) Additional volumes from office buildings that have not returned to work from office buildings due to COVID, but that are near this location
ii) The dry cleaner is also close to a very affluent residential area that would appreciate having a pickup / drop off service
iii) The facility has ample capacity that provides the opportunity to add additional drop stores in adjacent neighborhoods to increase the sales
iv) The current owner is not doing any efforts with online marketing, which could be valuable to attract new customers and to launch new services.

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Reason for Selling:

Other venture.

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.

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