This is an opportunity for a new owner to acquire a stable six-figure cash flow. Dry cleaning is entering a new equilibrium as smaller less profitable cleaners exit. Strong performers like Trella Cleaners will pick up customers left behind and have access to inexpensive equipment left behind from liquidations. Over decades, owner Raymond Trella has identified a wide range of services, some of which are outsourced at high margins. An established delivery and pickup route contributes over 20% of revenue and has great upside. Delivery truck included. When a Buyer can find a Seller who is accessible after the sale, remains local, flexible to be on call and committed to the Buyer’s success, there is tremendous value in the offer! Take advantage of this buying opportunity. This location has been serving the community for 30 years at the same location. There is an ACE Hardware and Kroeger's at this shopping center.
This is a leased location of 1,700 square feet with a Total Rent of $2,965. The shopping center includes an ACE hardware and Kroeger's. Lease ends 12/2022. $98,967 in FF&E included in Asking Price. $13,195 made in Leasehold Improvements.
As dry cleaning businesses exit due to COVID and retirement, the industry is reaching a new equilibrium. Fewer dry cleaners are serving the current market and there are no new entrants. Stronger cleaners will gain market share from displaced customers.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.