20+ Year Dry Cleaners in Fast Growing Area

Reno, Nevada

Ad ID: 1497120
Type: Established business
Category: Services – Drycleaning/Laundry
Category: Services – Other Business Services

Financials
Asking: $49,800
Included in the Asking Price:
Furniture, Fixtures & Equipment: $10,000

Gross: $97,720
Cash Flow: $25,850

Summary Description
A great opportunity to take over a long-established dry cleaning business in an area seeing continued residential and business growth. Sellers are a husband/wife team who receive 5-star reviews for their dry cleaning and alterations services. They are passionate about helping their customers, and are known for their quick turn-around time and excellent results. The store is strategically located in a popular shopping center anchored by a busy grocery store; the storefront is visible to a high-traffic thoroughfare. Upon the completion of Reno’s Southeast Connector, a nearby intersection will make this store convenient to even more customers, significantly increasing the client base. Reno/Sparks is undergoing unprecedented growth, and the demand for dry cleaning services is growing just as quickly. A motivated Buyer could step in and expand this Dry Cleaners quickly by marketing to the influx of residents and businesses to the area. It is a pleasant business to run, with little competition in the immediate vicinity, where the Sellers have developed friendly and trusted relationships with their customers, sometimes for life. Sellers are retiring after a career in the dry cleaning industry.

General Information
Year Established: 1996
Employees: 0
Facilities: A 2564 sf fully-equipped facility. The landlord will okay a reduction of the leased space upon renewal in May, 2019, if desired. The store is visible, easy to access, and offers ample parking. Over $10,000 of Equipment is included in the sale.

Market Outlook
Competition: This Dry Cleaners has a 20-year reputation and is known for providing reasonable prices and quality service. They have a solid repeat customer base that is certain to grow when the SE Connector opens nearby.

Growth and Expansion: A fully equipped Dry Cleaners with a solid client base. A motivated buyer could increase revenues by offering coupons and specials to residents and businesses coming to the area, offering pick-up and delivery service, building a website, and/or expanding hours. Updating the interior space would provide a fresh, clean appearance.

About the Sale
Financing: Cash or Buyer Finance
Support/Training: 2 weeks
Reason Selling: Retirement











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