Established and Well-Known Dry Cleaning Drop Store in Washington, DC

Asking Price$199,995

Cash Flow
$97,270
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$298,197

Inventory$500
Not included in asking price
FF&E$1,550
Included in asking price
listing imageSave

Established and Well-Known Dry Cleaning Drop Store in Washington, DC


Asking Price$199,995

Cash Flow
$97,270
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$298,197

Inventory$500
Not included in asking price
FF&E$1,550
Included in asking price
Business Description
Long Established Business in a Prime Northwest DC Location!
Excellent opportunity to own a drop store dry cleaning business in Washington D.C. The business is located in upper Northwest DC in close proximity to American University within an office building and with plenty of covered parking. There is a vibrant retail, commercial, and residential presence in the immediate vicinity of the business which is ideal for a dry cleaning business.

The business has been established for over 40 years with the current owner acquiring it in 1983. The stability of the business is demonstrated over multiple decades and in various economic environments. Furthermore, the business is located in high-traffic part of the city and is fully surrounded by above average income per household residential areas with a mix of single family housing, town homes, and condominiums.

The business performance from both a revenue and cash flow stand point has been consistent and showing moderate growth over the past several years. There is an employee with over 10 years of experience currently in place and the business has been providing alteration services to clients as well. The business has a fantastic reputation in the area and this makes for a turnkey opportunity for a new owner. Please contact us today to learn more!
About the Business
Years in Operation
42
Facilities & Assets
The business is located on the ground floor of an office building with well-known retail establishments and many other complementary businesses. The space itself measures approximately 500 square feet and is leased for $2,787/month. The equipment onsite includes: a sewing machine, hem sewing machine, ironing machine, overlocker, vacuum, and a computer.
Market Outlook / Competition
There is standard competition for the industry and market, but this business has been established for over 40 years and has cultivated a loyal clientele and serves an affluent part of Washington, DC.
Opportunities for Growth
There is room to grow and expand the business in a number of ways. Pick-up and delivery service has proven to be a high profit margin opportunity and this has not been pursued by the owner. The business has largely relied on its existing customer base and word of mouth to generate new business so a modest advertising campaign has the potential to bring new customers into the fold.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
500
Rent
$2,787.00 per month
About the Sale
Seller Motivation
Owner is retiring.
Transition Support
Seller will provide necessary training and support.
Listing Info
ID
2402351
Listing Views
489

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Kevin Song Horizon Business Brokers, LLC

Listing ID: 2402351 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.