Dry Cleaners & Alterations-Upscale Neighborhoods

Not Disclosed, OR
Clackamas County

Asking Price: Annual Revenue:
$365,000 $590,965

Services: Dry Cleaning & Laundry

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RE: Dry Cleaners & Alterations-Upscale Neighborhoods Broker: Linn Crader

Quick Facts

Asking Price: $365,000
Annual Revenue: $590,965
Net Profit: Not Disclosed
Cash Flow: $34,311
Total Debt: Not Disclosed
FF&E: $272,991
Real Estate: Not Disclosed
Year Established: 1998
Employees: 2
BBN Listing #: 87094955
Broker Reference #: 8101-16583

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Business Overview:

Successful Green Dry Cleaners with two busy locations in upscale areas. Customer pick-up and delivery service available as well as walk-ins. In 2020, $103,900 was received in PPP loan proceeds which were used to pay expenses as reflected on the tax return, though the loan was forgiven and not counted as income. Had the proceeds been included in income, SDE for 2020 would have been $138,211. SDE for the 8-month period in 2021 is $74,652, but excludes PPP proceeds of $63,290.

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Property Features and Assets:

Two (2) locations in Portland Metro areas with desirable upscale clientele. Assets = $277,241.

Market Competition and Expansion:

Low competition in the area, only two other dry cleaners in the vicinity. Loyal customer base for over 20 years. Knowledge of social media could enhance future growth opportunities. Coupons and direct mail with local publications.

Reason for Selling:

Owner is ready to retire.

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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