Established Dry Cleaning Business for Sale in Frederick, Maryland
Business Description
*CONFIDENTIAL SALE*
This is an established dry cleaning drop-off/pick-up business in Frederick, MD. The business provides a wide range of services, including standard dry cleaning, laundry, alterations, leather cleaning, shoe cleaning & repair, rug cleaning, and wedding dress cleaning, among others. The business also provides specialty cleaning services that meaningfully distinguish it from other local competitors.
Most of the work is outsourced to long-standing partners, with the business primarily providing customer care and quality control services.
Operating since 2009, the business has an established customer base and primarily serves residential retail customers. This is complemented by business clients, professionals, frequent travelers, and long-term hotel guests in the area.
The current owner acquired the business last year, and with improvements made, revenues have already grown over 25%. Several additional growth opportunities exist, but the owner is currently capital-constrained and unable to pursue them as fully, which is the primary reason for sale. The seller believes in the compelling growth opportunities still available to the business and is willing to retain a seller note or minority equity interest to support the next owner.
The business is owner-operated and is a turnkey opportunity for an entrepreneur or anyone looking to own a long-established business with very promising growth prospects. With its strong foundation and clear room for growth, this is a compelling opportunity.
This is an established dry cleaning drop-off/pick-up business in Frederick, MD. The business provides a wide range of services, including standard dry cleaning, laundry, alterations, leather cleaning, shoe cleaning & repair, rug cleaning, and wedding dress cleaning, among others. The business also provides specialty cleaning services that meaningfully distinguish it from other local competitors.
Most of the work is outsourced to long-standing partners, with the business primarily providing customer care and quality control services.
Operating since 2009, the business has an established customer base and primarily serves residential retail customers. This is complemented by business clients, professionals, frequent travelers, and long-term hotel guests in the area.
The current owner acquired the business last year, and with improvements made, revenues have already grown over 25%. Several additional growth opportunities exist, but the owner is currently capital-constrained and unable to pursue them as fully, which is the primary reason for sale. The seller believes in the compelling growth opportunities still available to the business and is willing to retain a seller note or minority equity interest to support the next owner.
The business is owner-operated and is a turnkey opportunity for an entrepreneur or anyone looking to own a long-established business with very promising growth prospects. With its strong foundation and clear room for growth, this is a compelling opportunity.
About the Business
- Years in Operation
- 17
- Facilities & Assets
- 1,200-square-foot facility designed for efficient operations. The lease has 4 years remaining, with an extension option. Convenient parking is available directly in front of the store.
- Market Outlook / Competition
- Standard market competition. The business differentiates itself by being clear on who its ideal customers are and staying focused on providing exceptional services to them.
- Opportunities for Growth
- Several transformative growth opportunities exist, particularly with expanding the business's restoration and commercial cleaning work. There are also opportunities to further penetrate the residential market.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $4,500 per month
- Lease Expiration
- 7/31/2030
About the Sale
- Seller Motivation
- Capital constraints limit current owner's ability to unlock transformative growt
- Transition Support
- 2 weeks. Seller wants the next owner to succeed and is willing to help as much as is reasonably needed to enable a smooth transition
Listing Info
- ID
- 2539192
- Listing Views
Listing ID: 2539192 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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