Dry Cleaning Services

Not Disclosed, WA
King County

King County


Asking Price: Annual Revenue:
$150,000 $165,051

Services: Dry Cleaning & Laundry


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RE: Dry Cleaning Services Broker: Claudia Smith
Owner Financing is Available!
$90,000 / $60,000 for 36 months @ 6%

Quick Facts

Asking Price: $150,000
Annual Revenue: $165,051
Net Profit: Not Disclosed
Cash Flow: $59,425
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 1
BBN Listing #: 35074955
Broker Reference #: 8002-14856

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Business Overview:

This environmentally friendly cleaners has been in operation for over 35 years at the same location in one of Seattle's exclusive upscale neighborhoods. It has the latest in environmentally safe cleaning equipment and processes. Conveniently situated adjacent to the high traffic anchor for the shopping center, the business captures a continuous stream of new customers. It boasts a large loyal customer base with the disposal income and demand for local services which is the prime ingredient for a successful cleaner business.

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Property Features and Assets:

The location has 1,650 square feet of well planned space for optimum work flow. There is a area near the front counter for alterations and a private dressing room for fittings. On a month to month lease the monthly rate is $3,250 including Triple Net charges. The Landlord welcomes a new lease and terms. Total Assets Included: $70,000

Market Competition and Expansion:

The US dry cleaning industry is a.$10 billion industry. According to a 2017 article in Business Trends, the dry cleaning industry is expected to grow 4% annually over the next several years, reports Integra Information. Going "Green" is currently the trend for business and especially the cleaners industry. This business has the latest of equipment and environmentally safe cleaning processes. There is another cleaners a few blocks away but hasn't affected the client base or revenues. Competitive cleaners, today, are going to the customer. They can send a person door-to-door in the neighborhood to sign up customers for free pick-up and delivery service. Making calls when customers haven't been in lately letting them know "you haven’t been in for a while–would you like us to send out a truck to pick up your dry cleaning?” Of course, the call reminds the customer that they have a few items needing cleaning.·Creating a loyalty card program such as, with 20 purchases of $15 or more, I get $20 in free dry cleaning. It’s a significant benefit that makes the card worthwhile, and keeps customers coming back. Using technology appropriately so that if a customer forgets a cleaning receipt, it can be looked up easily in the computer. Also, a plus would be offering special services such as off-season storage and alterations.

Reason for Selling:

Owner is retiring.

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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