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Million Dollar Revenue Quality Dry Cleaner: Retail and Delivery Routes

Montgomery County, MD

Seller Financing Available

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Asking Price:$1,395,000
Gross Revenue:$1,273,400
Cash Flow:$490,333
Established Year:1985
Listing ID: 2268119Listing provided by BizBuySell
BUSINESS DESCRIPTION

This is your unique opportunity to own an upscale, well established eco-friendly Dry Cleaning business and busy Route Service in Montgomery County, MD. The Second Generation ownership has operated dry cleaners over a long career and will bring about a seamless transition. The asking price is calculated for an experienced buyer and customer relations are extremely positive with minimum customer turn-over and good growth from new move-ins.

• Conveniently located in the center of the wealthiest markets in Maryland & US
• Purchase includes Pick-up & Delivery Route service, which has operated over the years in some of the best dressed and the wealthiest Markets
• Very well operated by founding second generation owner operator
• Highly talented staff & supervision to assist new owner to take to the next level
• Many areas of expansion available to build by the successor generation
• Experienced tailor in-house to provide quality repairs for the entire family
• Rated among the top area dry cleaners by the Washington Consumer Checkbook Magazine
• Training and support will be provided by contract depending on need
• Excellent customer Parking & Accessibility, plus strong Center Tenant Mix
• Growing in an already established area with more high-end homes, apartments & offices under construction
• Gross sales are 45% above the 2019 Pre-Covid Sales year with continued growth
• $5,000 Buyer Referral Fee paid on Sale (Must pre-register with the agent, Richard)

DETAILED INFORMATION
Location
Montgomery County, MD
Inventory
Not Included in asking price
Employees
17
Facilities
This Quality Dry Cleaner, Laundry and Tailoring provider has an outstanding reputation gained over many decades of offering retail and delivery clients constant quality high-end services and “no hassle customer service”. The modern full-service plant is located in an attractive, well-managed shopping center with a strong tenant mix, plus plenty of dedicated parking. All of the machinery is well maintained with the owner’s maintenance program and replaced as needed to achieve the most efficient production level.
Competition
According to the current Washington Consumer Checkbook Magazine Dry Cleaner study for this market area, this Quality Dry-cleaning, Laundry, Wet-Cleaning, and Tailoring provider has a high-quality shop status in the Montgomery County market. This well-earned reputation is given for both their in-store retail, as well as delivery services for their Workmanship and Customer Service! With the lack of strong competition as a result of the Covid downturn thinning of the marginal cleaners, the business is able to keep its retail pricing at the high end of fair.
Growth & Expansion
The prime retail market area and extended home & office delivery served has Exceptional income, density and growth demographics. They are ranked amongst the highest in the USA. The market area is undergoing unbelievable expansion, which presents strong growth potential for the Buyer! The growth of this business can be maximized by new ownership ready & willing to continue the owner-operation duties of the present ownership! This business opportunity is a rare chance for a quality-oriented professional to acquire a very successful business.
Financing
SBA & local Bankers Available, possible Seller Financing with a secured note.
Support & Training
Should additional training be needed it would be available as part of the Letter of Intent. The International Dry-cleaning and Laundry Institute, which is headquartered in close proximity has many forms of training, including on-site classes, video training and correspondence lessons. The business is profitable as it is and has several plans for future growth.
Reason for Selling
After a long, successful career building this business, Owner seeks to retire!
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Richard
Ehrenreich
Ehrenreich & Associates LLC
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Richard Ehrenreich
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