Drycleaning Business - 25 Year Location

King County, WA

Drycleaning Business - 25 Year Location
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: N/A

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Drycleaning Business - 25 Year Location

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Business Description

Excellent Location in Prime Demographic Community

This business is a full-service dry cleaner that the current owner purchased in 2004 from the original founders that opened in 1995. They have an excellent reputation and a consistent flow of customers. In addition to standard dry-cleaning services, they offer laundry service and pressing and alterations. Suits range between $18-$20, Pants are $7-$10, Dresses are $13-$30 and shirts are laundered for $3. Laundry wash and fold is $3 per pound. Alteration income is roughly $2000 per month. They do not offer pick-up and delivery service. Business is very consistent on a month to month basis. They have an average of 150 jobs per week at $32 per job. Every job is documented with a paper 2-part receipt and all income is tracked by form of payment. Between 20-25% of monthly revenue is paid with cash.

The company has four star or higher ratings on Google & Yelp.

The location is in a very busy retail center that includes a grocery, national franchise fast food, and a gas station. The leased location is 1554 square feet at a cost of $5000 per month total including triple net with the lease running through 2023. The closest competition is 2 miles away. The population in the Seattle suburb that is home to the business exceeds one hundred thousand residents with almost forty thousand households with an average household income close to $90,000 per year.

The business has excellent automated racking to handle the volume of dry-cleaning jobs. Additional equipment includes three Ajax pressing machines, 1 Sankosha shirt press, two laundry machines (a Samsung & LG), a spotting board machine, a drying machine and a k300fzq dry-cleaning machine.

The sale is motivated by the owners’ desire to retire.

The lead business broker for the company at IBA is Stephen Cohen. Mr. Cohen can be contacted directly at (425) 443-2322 or stephen@ibainc.com.

Detailed Information

Location:
King County, WA
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Gregory Kovsky

Business Listed By:
Gregory Kovsky

IBA

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