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