Excellent opportunity to step into a profitable business with an outstanding reputation in community built on 43 years of excellent service. Current owner purchased 26 years ago and moved the business into a new building in 2003. Drycleaning equipment has been meticulously maintained and refurbed when necessary. A new boiler was purchased in 2011, a new hot water heater and storage tank in 2010. The coin laundry business consists of 30 washers and 20 dryers with almost all of the machines purchased new or refurbished within past 3 years.
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Property Features and Assets:
Located in 5,200 sq. ft. building with 160 feet of frontage along a popular strip commercial corridor which includes offices, fast food restaurants, convenience stores, neighborhood strip shopping centers, grocery stores and branch banks. Facility was built in 2003 and consists of two suites - 1,820 sq.ft. coin laundry and 3,380 sq.ft drycleaning/commercial cleaning. Appraised for $300,000 in 2011.
Market Competition and Expansion:
Competition is moderate. There are 2 primary competitors in the drycleaning business and 2 in the coin operated. This business is only one that has successfully integrated both types into single location. Immediate revenue increase would occur by opening drycleaning business on Saturday, Sunday or both.
Reason for Selling:
Owner is retiring after 26 years
- 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.