Dry Cleaner (Superior Demographics Location)

Not Disclosed, OR
Multnomah County

Asking Price: Annual Revenue:
$55,000 Not Disclosed

Services: Dry Cleaning & Laundry

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RE: Dry Cleaner (Superior Demographics Location) Broker: Joseph Hollcraft
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $55,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 164935781
Broker Reference #: DCP2023

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Business Overview:

This business is a dry cleaner located in the high-end, fast-growing neighborhood suburb of Portland, Oregon. Well positioned and resilient, it is one of about three dry cleaners in the area that stayed in business through the pandemic. It provides dry cleaning and laundry services. Before the pandemic, the business also provided tailoring, drop-off shoe repair and drop-off leather cleaning services. These, as well as pick-up and delivery services, are avenues of growth that can be explored.

The business occupies a 1,688 square feet space in a high traffic shopping center. It has been in business since 1998 and is considered an established tenant. Equipment includes a Columbia Dry Cleaning Machine 350/2F; American ADG 24D clothes dryer; Raytheon Appliances UW60 commercial washing machine; four different clothing presses, including pant, sleeve, and collar/cuff presses; and tables and chairs. The P.O.S. system is through a company called Elavon, and the client tracking software is made by Diamond Computer. The front service area was updated significantly in 2021.

The business has not generated a positive cash flow at pre-pandemic levels but is on the right growth trajectory and offers many more opportunities to increase revenue. Prices have been adjusted to inflation and increased cost of supplies, with a further increase planned in January 2023. The well-received customer loyalty program was resurrected in Q4’ 2022. Three main employees work a combined total of 79 hours per week, earning $102,960 annually. Payroll and accounting services are outsourced. Current employees are willing and able to train and have pledged to stay with the business until the summer or 2024 or until they are informed they are no longer needed.

The financial opportunity here is for someone to do all or some of the work themselves and take home the wages and profits.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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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