Established Dry Cleaning & Alterations Business - Prime Providence Location

This well-established dry cleaning and alterations business presents an exceptional opportunity to acquire a profitable operation with nearly 30 years of proven success. Located in Providence's desirable East Side neighborhood near Brown University and Miriam Hospital, the business has cultivated a loyal customer base and strong community reputation.

Financial Performance:
• Annual Revenue: $425,000
• Cash Flow (SDE): $165,000
• Established 1995 - nearly 30 years of consistent operations
• Strong cash flow with 38.8% profit margins

Business Operations:
• Expert on-site tailoring and alterations services
• Quality outsourced dry cleaning without overhead burden
• Fully equipped turnkey operation included in sale
• Professional sewing machines, steamers, pressing equipment, and garment conveyor
• Three experienced full-time employees, including one long-tenured staff member

Prime Location Benefits:
• High-traffic East Side Providence location
• Proximity to Brown University and Miriam Hospital ensures steady customer flow
• Professional neighborhood with mix of residents, students, and medical staff
• Walkable area surrounded by boutique shops and cafes
• Monthly lease: $2,500

Growth Opportunities:
• Minimal formal marketing to date - significant digital expansion potential
• Pickup and delivery service implementation
• Corporate and institutional account development
• Specialty services including bridal and formalwear
• Retail merchandise additions
• Potential for additional locations

Assets Included:
• FF&E valued at $30,000
• Inventory worth $30,000 (included in asking price)
• All operational equipment and fixtures
• Established vendor relationships
• Comprehensive customer database

Owner Support:
• Up to 3 months paid transition training
• Complete operational guidance and vendor relationship transfers
• Customer management system training

Reason for Sale:
Owners retiring after nearly three decades of successful operation.

This represents a rare opportunity to acquire a profitable, established business with strong fundamentals, excellent location, and clear growth potential. The combination of steady cash flow, loyal customer base, and expansion opportunities makes this an ideal acquisition for an entrepreneur seeking a proven business model.

Asking Price: $425,000
Financing: Open to discussion