Established Dry Cleaning Business East-Side

Kirkland, WA
King County

On corner of 2 high traffic streets


Asking Price: Annual Revenue:
$199,000 $262,888

Services: Dry Cleaning & Laundry


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RE: Established Dry Cleaning Business East-Side Broker: David Smith
Owner Financing is Available!
75% down strictly a case by case basis

Quick Facts

Asking Price: $199,000
Annual Revenue: $262,888
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $18,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 3
BBN Listing #: 983951531
Broker Reference #: dsbelkir

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Business Overview:

Established and long-running dry cleaning business. Sixteen years of customer base built up for the new owner. It sits on the corner of two busy streets with lots of solid anchors all around. Just blocks away from a major employer (lots of employees). Lots of parking and easy in and out for your customers. Well known big name in the dry-cleaning industry but NOT a franchise.

This neighborhood is densely populated and well-trafficked with affluent people. Which is a perfect fit for this full-service dry-cleaning business. The purchase price includes all the dry cleaning and laundry machinery equipment and training. This is NOT just a drop off dry cleaning business so YES, the dry cleaning is done in house (at this location), so this makes for better customer relations and gives you this new business owner more control on meeting timelines and having personal relations with your customers.

All the equipment has been highly maintained and or is like new. It has lots of space (about 2000 sq ft) so it could offer additional services, like alterations, or even bring in more equipment. Another way to increase the profits is to approach all the many nearby restaurants and other businesses and offer them your dry-cleaning services. Getting ongoing commercial accounts like restaurants, hotels, and spas is an area of great upside money potential.

Currently, no marketing or advertising is being done, not even a website. Does no delivery or pickup service which is another area of potential growth. This business is established with a long list of repeat customers, the owner says he is netting about six figures annually just the way things are. The lease here is also wrinkle-free as it does not expire until Oct 2023 and has a 5-year option to renew. The same owner has been here since 2011 and he wants to retire. This is a great business opportunity for a family or husband/wife team with a strong potential to expand the profits even.

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Property Features and Assets:

The monthly lease with Triple Net included is $6,500 for a prime location on the Eastside. The current lease expires Oct 2023 with a 5-year option to renew. Square footage is 1960, with plenty of parking 8 parking spaces and more in a shared parking lot if needed. Great signage and visibility from the street. This fully equipped dry cleaning business includes all the dry cleaning and laundry machinery equipment and training on it. Husband and wife and one employee operate this business. Open Monday through Saturday and closed on Sundays.

Market Competition and Expansion:

A way to increase the profits is to approach all the many nearby restaurants and other businesses and offer them your dry-cleaning services. Getting ongoing commercial accounts like restaurants, hotels, and spas is an area of great upside money potential. Currently, no marketing or advertising is being done, not even a website. Does no delivery or pickup service which is another area of potential growth. There is a dry-cleaning business nearby, but it does NOT offer to do full service at the location. It does not have the equipment or the size to install the equipment so it is just a drop off-site. So it is very limited competition in so many ways.

Reason for Selling:

Seller wants to retire

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 a franchise resale opportunity.

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