Local Dry Cleaning Chain

Not Disclosed, AR
Benton County

Asking Price: Annual Revenue:
$449,800 $568,267

Services: Dry Cleaning & Laundry

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RE: Local Dry Cleaning Chain Broker: Brian O'Connell

Quick Facts

Asking Price: $449,800
Annual Revenue: $568,267
Net Profit: Not Disclosed
Cash Flow: $157,809
Total Debt: Not Disclosed
FF&E: $280,000
Real Estate: AR
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 256441469
Broker Reference #: 0366-722340

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Business Overview:

This listing is an opportunity to acquire a solid small chain of local dry cleaning locations in Northwest Arkansas. This business includes a plant located on a prime retail corner. There is a GREAT opportunity to add additional satellite locations to gain incremental sales while still using the existing plant.

The business uses a technologically-advanced system, which includes a thermal barcode tagging system, an app for delivery services, and BRAND NEW equipment. A savvy new owner could find plenty of ways to fill the excess plant capacity.

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Property Features and Assets:

The competitive set in Northwest Arkansas is comprised mostly of smaller regional players. Comet Cleaners is the largest franchise competitor, though most of their locations are in Texas. The brand has been in existence in NW Arkansas for a decade building goodwill. The current owner has updated all of the equipment as well as the software and technology systems. This business combines the longevity of a brand with forward thinking app based delivery.

Market Competition and Expansion:

• Much room to expand pick-up & delivery services, an initiative that is still new and fast-growing • Potential for many additional satellite locations in Northwest Arkansas • Opportunity to ramp up a much more aggressive advertising campaign

Reason for Selling:

Divest assets.

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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