Established Full Price Dry Cleaning Plant with Low Rent

70-year established full-service dry cleaning plant in N. Dallas is now available for acquisition. This business was established by the original owner in 1950 and was acquired by the current owner from the previous owner in 2009. This dry cleaning plant offers full-service dry cleaning and laundry services as well as alteration, rugs, comforters, household items, leather, and wedding gown cleaning in which all of the work is done on the premises at the plant. A majority of the customer base consists of solid repeat customers and families of multiple generations that have been built for over 70 years of operation by providing high-quality services. The gross sales of this dry cleaning plant have been consistent at around 320-335K per year before Covid-19. Sales decreased during 2020 due to COVID-19, but currently, the loss from COVID-19 has been rapidly recovered starting from 2021 by about 80-85% of the pre-Covid level. The projected revenues for 2021 are expected to be about 250K to 280K. Before Pandemic, the production day was originally 6 days per week, but now it is 4 days. Now that sales are recovering rapidly, it is to be extended to 5 days soon. This is a great opportunity to acquire a well-established full-service dry cleaning plant with astonishingly low rent and a solid customer base. Listing ID #001090 For more info, please call Moon Kim at 1-866-519-2421. Location: Dallas County, Texas Year Established: 1950 Number of Employees: 3FT Facilities: The business occupies 1,600 SF space in the end-cap space of a retail strip center located in an intersection surrounded by restaurants, retail businesses, and densely populated residential areas. The store is conveniently located just off the major highway, and there is a lot of traffic as there is a national department store across the street. Most of the major equipment, including boiler, washer, laundry parts have been updated under the current ownership and have been immaculately maintained. Market Outlook/ Competition: With more competition closed down during Covid-19, this dry cleaner takes advantage of a less competitive market. A strong, regular loyal customer base accumulated for over 70-years of operation is the biggest advantage of this business. In addition, the business has earned a good reputation from the local community for its highest quality products and exceptional customer service. Growth & Expansion: With a significant amount of workforce coming back to the office after covid-19, sales are expected to recover continuously, and fully recovered by the beginning of 2022. Also, with more competition closed down during Covid-19, this dry cleaner takes advantage of a less competitive market. Currently, no single marketing is in place while word of mouth has provided an ample amount of customer acquisition. Promoting the business to expose itself to local customers by setting its website and social media pages will bring new sets of customers and contribute to the continued success of the business. Proactive marketing will not only speed up the recovery process but also take this business to next level. Opening up pick-up stations and adding corporate accounts and routes can be another good extra income source that the current owner has not made any efforts on. In addition, The rent of this facility is very low that synergizes perfectly with the low overhead cost of this business.