Established Dry Cleaning, Price Reduced Over 250k in Assets!

STEADILY SURVIVED COVID / GREAT OPPORTUNITY FOR GROWTH (COVID “FLIP”)--- Dry Cleaning business with two locations in Chandler and Scottsdale for sale. Dry cleaning plant is located in Chandler, Scottsdale is a drop-off location only. The business maintained a steady income even during COVID but cash flow was about 3 times reduced. A potential buyer has a great opportunity here to come into the business at a cheaper asking price and build back to pre-COVID numbers, similar to flipping a distressed property. The seller has not been advertising during COVID although it does have a good presence online. Many new customers come from Google, Yelp and word of mouth since current customers are accustomed to high quality service. Adding additional services, such as pickup and delivery, and collaborating with hotels, sports teams, churches, etc. can also be opportunities for growth. With COVID restrictions letting up in Arizona, the business has started to trend upwards, still without advertising. This shop was established in 1993 and is owner-operated, although dry cleaning in general has common operations that can either be owner-operated or built to operate with an absentee owner. Potential buyers who don’t want to return to pre-COVID jobs and are seeking owner-operated opportunities can get into this business without having to re-invent the wheel. Buyers who want to operate as an absentee owner can recruit a manager with relatively quick turnaround for training. There are currently 3 employees at the Chandler location. There is also a 1099 seamstress. The seller will provide two weeks of training and then be available to assist for an additional two weeks. Location: Chandler, Arizona Year Established: 1993 Number of Employees: 3 Real Estate: Leased Building Sq. Ft.: 2,400 Rent: $4,800.00 Per Month Facilities: Dry cleaning plant in Chandler, additional drop off location in Scottsdale. Both locations are 1200 sq ft. Chandler is $3400/month, Scottsdale is $1400/month rent. Market Outlook/ Competition: Excellent locations in Chandler and Scottsdale with upper middle class neighborhoods and some upper class residents nearby, also including schools, churches, hotels and other potential clients. Growth & Expansion: To return to pre-COVID numbers start advertising, add pick up and delivery service and collaborate with hotels, churches, schools and other organizations with uniforms.