This Business was acquired by current ownership in August of 2017. They have invested into equipment, with much of the equipment being new or completely refurbished. What is unique about this Business is that they have on premise all services that are needed for laundering and dry cleaning services. So, essentially, they are vertically integrated. Additionally, they supply dry cleaning and laundering service needs to many other locations in the area. With the sale of the business is included $30,000 in inventory and also $90,000 in Furniture/Fixtures and Equipment, much of which has been updated and refurbished.
This business has a great set of assets that can be leveraged significantly and potentially lead to multiple shift operations. This is basically an absentee owner business waiting to be leveraged with excellent marketing and expansion to grow in revenue and profitability.
Expansion mainly could be through promoting services to other dry cleaners who do not have equipment on premise to gain their business, along with increased advertising and marketing, which currently is not the focus of the business. Currently, customers are obtained by word of mouth and reputation in the community.
There is competition in the marketplace, but not as many when you look at having the equipment on site in order to perform dry cleaning and laundering on premise. They are an Essential Business, and though they were impacted by Coronavirus, they are currently open and remain vital to the community and businesses that they serve.
Owner is no longer interested in keeping the business and wants to pursue other activities.
This Business is located in a vibrant part of Sacramento. The current ownership is not involved in the day to day business, and is wanting to sell in order to pursue other adventures. Employees will potentially go with the sale of the business, and training would be provided to new ownership for 1 week.