Dry Cleaner Pickup Location for Sale in Hammond, Louisiana (2 of 2)

Undisclosed Address, Hammond, LA 70403
Business Opportunity for Sale
Catylist Listing ID: 30785901
Property Subtypes: Personal
Building Size (RSF): See Agent
Sale Price: $50,000
Name of Establishment: Royal Cleaners
Year Business Established: 2012
Gross Revenue: $100,000 (Annual)
Cash Flow: $18,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 5/18/2022

Overview / Comments

Principle Business Advisors presents this dry cleaner pickup location for sale in Hammond, Louisiana. The business is located in a strip mall on a major thoroughfare. It is the second of two dry cleaners available for sale. This location is pick up only and the other location houses the plant. They can be purchased together or this location can be purchased separately.

Come meet the owner, see this great spot and make an offer!

For more information, call Joel Duran CM&AA, CEPA, CMSBB at (504) 321-0196.

Additional Details

Industry Segment: Dry-Cleaning and Laundry
Reason for Selling: Relocating
Value of Inventory Included ($): $100
Value of Furniture, Fixtures, and Equipment ($): $10,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The monthly rent is $1,850.
Employee/Labor Description: Full-time: 1 Part-time: 1
Mgmt/Training Support Description: There will be a two week training period and then the owner will be available by telephone thereafter.
Competition/Market Description: The Great Recession of 2008 and the Covid-19 attack of 2020 have not been good for the service industries—including dry cleaning, as well as the commercial real estate industry—but to office worker vacancy rates and the difficulty of shopping centers to collect rent from struggling shop owners. It is expected that by the end of 2021, we will see more than 33 percent of the dry cleaning storefronts that were functioning in 2007 to be closed, and replaced by the new larger and more efficient type of dry cleaning operations. This is similar to what happened in the 1970s when the oil embargo caused a recession and the consumer switched to polyester clothing, resulting in the loss of 1/3 or more of the dry cleaning storefronts to close. Upon the end of the 70s, the recession ended and the consumers went back to natural fabrics, resulting in the revival of the remaining dry cleaners, who became the dry cleaning millionaires of the 1980s! Change always has its upsides and downsides for different groups!
Growth/Expansion Opportunities: This billion-dollar industry is going through a major paradigm shift from small mom-and-pop operators to sophisticated business people with centralized automated plants, computerized inventory, and many changes that were not known of 10 or 20 years ago. We work with the new breed of dry cleaning entrepreneurs to assist with their growth and operations. Commenting on all of the industry is difficult, as the quality levels, price points, the economy of scale, and markets served are so different! Modern dry cleaning operations are growing into light industrial production and distribution operations.
Seller Financing Description: The owner is willing to finance on a case-by-case basis.

Contact

Photograph of Listing Agent

Joel Duran

Principle Business Advisors Metairie, LA 70055
LACDB Member
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