Premier Dry Cleaners with Full Plant

Providence County, RI
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Asking Price:$159,000
Gross Revenue:$260,000
FF&E:$70,000
Cash Flow:$112,000
Rent:$3,000
Established Year:1999
BUSINESS DESCRIPTION

According to the Wall Street Journal, dry cleaning, laundering, and garment repair businesses are some of the "least likely to fail" businesses in the country. The Journal of Accountancy went a step further by stating dry cleaners and laundry services have an unprecedented 97% success rate. Many of the major dry-cleaning franchises offer extensive business training packages as well as the necessary equipment. Special services such as washing, stain removal, pressing garments to customer preferences, creating flexible hours of operation, providing delivery service, and offering price breaks or loyalty rewards will keep customers coming back on a consistent basis.

Location, location, location! Located on a very busy & highly traveled Main Street (all within proximity to nationally numbered routes and highways.)

This stand-alone Dry Cleaners with parking on 3-sides of the building has been a community staple for the past 25 years. Repeat customers come from near and far!

A Must-See Turnkey Opportunity for the right buyers!


DETAILED INFORMATION
Location
Providence County, RI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,137
Lease Expiration
01/04/2032
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Sankosa Shirt Machine, Uisec Dry Cleaning Machine (40#), 2x Up & Down Conveyors, 2x Conveyors, Automatic Xpress Rail Track Assembly System, Continental Washer (55#), GE Washer, Whirpool Dryer. Fronta Double Puff Iron, 2x Ajax Press, Cissell Spotting Board, Rema Air Vac RP-5, Ingersol Ranf Air Compressor, Cissell Suzie, Othis Topper Press, Hurst 30hp Boiler, 2x Juki Straight Machine, Dell PC, Epson Printer, Epson Ticket Printer, Up Solution POS System, CCTV, Security System, 2x Rolling Racks, Bushel Polymer Scale, Three Roll Bagger, 10x Carts, Fitting Rm.
Competition
No direct competition due to very loyal customer base.
Growth & Expansion
• In-house Tailoring & Alteration • Wash & Fold • Delivery • Increase Wholesale Accounts • Garment Storage
Support & Training
Seller will provide support & training to ensure a smooth transition.
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Peter
Kim
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Peter Kim