NOT DISCLOSED, Virginia
| Asking Price |
$1,500,000 |
Year Established |
1995 |
|
| Annual Revenue |
$1,000,470 |
Reason for Selling |
The owner would like to retire and spend more time with their family. |
|
| Annual P/L |
$0 |
Attention |
Kevin Song |
|
| Annual Cash Flow |
$410,000 |
Listing Number |
999912 |
|
| # of Employees |
8 |
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
Rare opportunity to purchase a well-known and established dry cleaning business located in an affluent Fairfax County suburb. The business has been serving the community since the mid 90s and has built a strong reputation for providing a high quality of service and an excellent overall customer experience. The business occupies a 2,363 square feet facility and is fully equipped with a complete array of dry cleaning and laundry machinery.
The dry cleaner is positioned in a competitive yet stable Northern Virginia market, where its reputation for reliable service has enabled it to stand apart from local competitors. The business benefits from being a full plant operation where all dry cleaning and laundry services are performed in-house and not outsourced. The plant is leased and designed for efficient workflow, with all necessary equipment for dry cleaning, pressing, and alterations on-site.
The business has generated a consistent increase in annual revenues of over $960,000 in 2023, $1,000,000 in 2024, and is projected to exceed $1,100,000 in 2025. This demonstrates both strong profitability and operational efficiency. The business employs 6 full-time and 2 part-time staff, operating Monday through Saturday. Payroll expenses average $21,000 per month, while the current lease rate is $9,716/month and runs through 2028. The stated cash flow is an average of the most recent 3 years with the previous Trailing 12 Months (Oct 1 2024 - Sept 30 2025) to be the same or higher. The business has been pre-qualified for an SBA 7a loan from several lenders with as little as 10% down. An excellent location, established customer base, and modern equipment makes this a promising opportunity for an investor or owner-operator seeking a profitable, turnkey dry cleaning operation in a highly desirable market. Contact us today to learn more as we don't expect this opportunity to last long!
Property Features and Assets:
<p>The business is situated in a well-established retail area of Fairfax County with ample free parking available for customers. The facility occupies 2,363 square feet of space and is fully equipped with a complete set of dry cleaning and laundry machinery.<br></p>
Market Competition and Expansion:
<p>Competition: There is standard competition for the industry and market, but the business has a long track record of success with 30 years in the area.</p><p> </p><p>Growth & Expansion: There are a number of ways to grow and expand the business. A new owner may wish to bring on more staff for assembly and delivery roles to generate increased weekly revenue. There is also the option to contract with pickup/drop stores to enable increased capacity and to grow the customer base.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity