Est. Dry Cleaning & Laundry Service-Hampton Roads
Not Disclosed, VA Not Disclosed
Hampton Roads, VA
Asking Price:
$495,000
Annual Revenue:
$915,569
Request More Information Contact the Seller
- RE: Est. Dry Cleaning & Laundry Service-Hampton Roads
- Contact: David Chebalo
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $915,569 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $182,170 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $233,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 18 | |
| BBN Listing #: | 1011528 | |
| Broker Reference #: | 2007-19477 |
Business Overview:
Located in Hampton Roads Virginia in the heart of a sought after community, this business sits within a dense residential hub of 3,000+ homes in a one mile radius and benefits from a strong, stable military population. The area’s demographics create a steady flow of repeat customers and long term service relationships.
Diverse Revenue Streams & Strong Institutional Relationships
This operation provides a full suite of dry cleaning and laundry services, supported by a network of established commercial accounts. Current partnerships include:
· Multiple hotels
· A local high school
· Several business clients
These accounts rely on the business for pickup and delivery services, creating consistent, predictable revenue and opportunities for expansion.
Community Driven Marketing With Exceptional Customer Loyalty
Marketing efforts are deeply rooted in community engagement. The business actively supports local organizations through fundraising ads, participates in neighborhood events, and maintains a personal touch every new customer receives a handwritten thank you card from the owner.
This commitment to service excellence is reflected in the company’s outstanding 4.8 Google rating, a powerful driver of new customer acquisition.
Competitive Advantage Through Pricing & Performance
The business conducts an annual competitive benchmark to ensure pricing remains 10% to 25% below local competitors, depending on garment type. This strategic pricing, combined with high service quality, positions the business as the value leader in the market.
Consistent Growth & Significant Upside Potential
Revenue has increased for two consecutive years:
· 2023 to 2024: +9.7%
· 2024 to 2025: +6.7%
With a growing residential base, strong military presence, and untapped opportunities in commercial accounts and delivery services, this business is primed for continued expansion.
Contact the Seller:
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Property Features and Assets:
The business operates from two strategically positioned locations in the highly desirable major city in Hampton Roads, VA. The primary facility houses all cleaning equipment and serves as a full service processing and customer hub, while the second location is a dedicated retail storefront focused exclusively on convenient drop off and pick up services. Together, they serve a dense and growing population of over 3,000 households within a 3 mile radius.
Assets = $233,000
Market Competition and Expansion:
The business benchmarks its competition on an annual basis to remain highly competitive within the market. Pricing is strategically set between 10% and 25% below competitors, depending on garment type, positioning the company as a strong value leader while maintaining healthy margins.
There is clear upside potential for a new owner, supported by consistent revenue growth over the past three years, representing 17.1% cumulative growth. This trend reflects both strong demand and effective operational execution, with opportunities to further scale through pricing optimization, expanded services, or additional marketing initiatives.
There is clear upside potential for a new owner, supported by consistent revenue growth over the past three years, representing 17.1% cumulative growth. This trend reflects both strong demand and effective operational execution, with opportunities to further scale through pricing optimization, expanded services, or additional marketing initiatives.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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