Dry Cleaner Specializing in Alterations and Repair

Not Disclosed, VA
Chesapeake City County


Asking Price: Annual Revenue:
$85,000 $559,583

Services: Dry Cleaning & Laundry


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RE: Dry Cleaner Specializing in Alterations and Repair Broker: Frank Chebalo

Quick Facts

Asking Price: $85,000
Annual Revenue: $559,583
Net Profit: Not Disclosed
Cash Flow: $20,982
Total Debt: Not Disclosed
FF&E: $55,117
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 90134955
Broker Reference #: 2007-16377

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Business Overview:

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.

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Property Features and Assets:

The business operates in 1,200 square feet and is located in on a major thoroughfare in an attractive strip mall. The monthly lease is $2,300 including cam charges. Assets = $84,544.

Market Competition and Expansion:

Update web presence along with enhancing social media.

Reason for Selling:

Retirement.

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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