Established Full Price Dry Cleaning Plant

Not Disclosed, TX
Dallas County

North Dallas


Asking Price: Annual Revenue:
$249,000 $258,155

Services: Dry Cleaning & Laundry


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RE: Established Full Price Dry Cleaning Plant Broker: Moon Kim
License #: 567204

Quick Facts

Asking Price: $249,000
Annual Revenue: $258,155
Net Profit: Not Disclosed
Cash Flow: $115,324
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1950
Employees: 3
BBN Listing #: 976519188
Broker Reference #: 001090

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Business Overview:

70-year established full-service dry cleaning plant in N. Dallas is now available for acquisition. This business was established by the original owner in 1950 and was acquired by the current owner from the previous owner in 2009. This dry cleaning plant offers full-service dry cleaning and laundry services as well as alteration, rugs, comforters, household items, leather, and wedding gown cleaning in which all of the work is done on the premises at the plant. A majority of the customer base consists of solid repeat customers and families of multiple generations that have been built for over 70 years of operation by providing high-quality services. The gross sales of this dry cleaning plant have been consistent at around $320,000 - $335,000 per year before Covid-19. Sales decreased during 2020 due to COVID-19, but currently, the loss from COVID-19 has been rapidly recovered starting from 2021 by about 80-85% of the pre-Covid level. The projected revenues for 2021 are expected to be about $250,000 to $280,000. Before Pandemic, the production day was originally 6 days per week, but now it is 4 days. Now that sales are recovering rapidly, it is to be extended to 5 days soon. This is a great opportunity to acquire a well-established full-service dry cleaning plant with astonishingly low rent and a solid customer base.

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Property Features and Assets:

The business occupies 1,600 Square Feet space in the end-cap space of a retail strip center located in an intersection surrounded by restaurants, retail businesses, and densely populated residential areas. The store is conveniently located just off the major highway, and there is a lot of traffic as there is a national department store across the street. Most of the major equipment, including boiler, washer, laundry parts have been updated under the current ownership and have been immaculately maintained. / Inventory: $3,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: With more competition closed down during Covid-19, this dry cleaner takes advantage of a less competitive market. A strong, regular loyal customer base accumulated for over 70-years of operation is the biggest advantage of this business. In addition, the business has earned a good reputation from the local community for its highest quality products and exceptional customer service. Growth and Expansion: With a significant amount of workforce coming back to the office after covid-19, sales are expected to recover continuously, and fully recovered by the beginning of 2022. Also, with more competition closed down during Covid-19, this dry cleaner takes advantage of a less competitive market. Currently, no single marketing is in place while word of mouth has provided an ample amount of customer acquisition. Promoting the business to expose itself to local customers by setting its website and social media pages will bring new sets of customers and contribute to the continued success of the business. Proactive marketing will not only speed up the recovery process but also take this business to next level. Opening up pick-up stations and adding corporate accounts and routes can be another good extra income source that the current owner has not made any efforts on. In addition, The rent of this facility is very low that synergizes perfectly with the low overhead cost of this business.

Reason for Selling:

Health issue

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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