Buying a Dry Cleaning Business
If you’re an established business owner looking to expand to a new business venture or a professional looking for additional cash flow, you should consider buying a dry cleaning service.
According to a recent report, the market value of dry cleaning businesses is estimated to reach $79.91 billion by 2027, with a compounding annual growth rate of 3.4%. This means that the industry will continuously boom for years to come and could potentially provide a significant return on investment.
If you’re ready to add a dry cleaning business to your portfolio, Armen Nazarian Business Brokers can help! Armen Nazarian is an experienced broker who has been helping people take the leap into entrepreneurship and buy their own businesses since 1988.
Now, with hundreds of success stories and a growing team, Armen Nazarian Business Brokers continues to help people find and buy the business of their dreams. If you’re ready to begin the journey toward becoming a thriving business owner, contact our team today to get started!
What Does It Cost to Open a Dry Cleaning Business?
Financially, starting a small dry cleaning business from scratch can take an initial investment of around $50,000 or more. It also takes time, effort, and capital to brand, market, maintain, and grow the business. If you’re looking for a more affordable option, consider buying an existing dry cleaning business.
From a business operations viewpoint, purchasing an established business from its current owner is a practical option. It will already have a location, existing customer base, equipment, employees, and fixed operations, and could even potentially have a positive cash flow. Plus, you avoid the hassle of growing a business from the ground up.
If you want to make your mark when you take over, it’s a great idea to offer new dry cleaner services not provided by the previous owner, such as fold services or delivery services. This would give you an edge in the market and attract new customers.
The Dry Cleaning Industry Is Brimming With Opportunities
Like many small business owners, those in the dry cleaning and laundry industry have faced significant challenges over the past few years. However, the future looks promising for laundry business owners.
With the increasing demand for convenient services and the rise of technological solutions, wash and laundry businesses have become even more successful than in the past. Don’t be afraid to take a leap of faith and become a Michigan dry cleaners business owner!
Work With Armen Nazarian Business Brokers to Find Your Dry Cleaning Business Today!
If you’re looking for a dry cleaning and laundry business for sale, Armen Nazarian can help you find the best deal. Our over 30 years of experience helping entrepreneurs and professionals buy the right business has made us one of Michigan’s most trusted business brokers. All of our business transactions are completely confidential, and you can expect a team of professional, skilled, and trustworthy business brokers if you work with us.
Contact our team today and take a step toward making your entrepreneurial dream a reality!