N. Texas-2 Dry Cleaning Stores with Real Estate

Not Disclosed, TX

North Texas


Asking Price: Annual Revenue:
$1,925,000 $1,138,648

Services: Dry Cleaning & Laundry


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RE: N. Texas-2 Dry Cleaning Stores with Real Estate Broker: Mariann Montgomery

Quick Facts

Asking Price: $1,925,000
Annual Revenue: $1,138,648
Net Profit: Not Disclosed
Cash Flow: $381,323
Total Debt: Not Disclosed
FF&E: $311,000
Real Estate: $1,325,000
Year Established: 2006
Employees: 32
BBN Listing #: 7564955
Broker Reference #: 6012-17019

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Business Overview:

These two dry-cleaning locations both include laundry and dry-cleaning equipment. Each location operates within "stand -alone" buildings with ample parking and indoor customer space, plus drive through pickup/drop-off. In addition to clothing cleaning services, they provide garment alterations, and cleaning of household items including curtains, bedspreads and more.

Both locations use environmentally friendly cleaning processes, and neither store has ever used perchloroethylene, aka PERC.

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Property Features and Assets:

Combined, the two locations include over 7,000 square feet of indoor space and nearly 18,000 square feet of concrete paved parking and drive-through space. One location was converted from retail space, and fully renovated for dry-cleaning use in 2006. The other location's building has always been used for dry cleaning since construction in 2013. The newer location, with total property exceeding one acre, has ample space available for additional commercial space up to 6,000 square feet. This offers new owners with another potential income stream. Prospective buyers should note that the sellers currently own both properties, and the businesses do not pay rent on their P&L statements. Published cash flow in the listing is not adjusted for fair market rent since the cash flow shown is fully available for debt service and all other financial obligations of a going concern. Assets - $1,636,000

Market Competition and Expansion:

Nationally, the dry-cleaning industry is highly fragmented, and competition is strong. Stores like these that have adopted newer technologies and addressed environmental requirements will fare the best as the economy continues to emerge from the pandemic. In their local market, these stores are leaders in market share. Since 2018 there has been some consolidation in the local market. These stores are well positioned for revenue growth as the economy normalizes post-pandemic. First-quarter 2022 revenues were up 15% above 2021 and are on track to beat pre-pandemic revenues. Adding continued growth in coming years may best be achieved through adding additional services for current customers and boosting customer outreach.

Reason for Selling:

Sellers are ready to retire.

Additional Details:

  • The property is owned.
  • 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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