Business Overview
About the Company
**Business Overview**
This well\-established dry cleaning business has been a staple in the New Orleans community since 1937, operating in the same prime location on bustling Magazine Street\. With a loyal customer base comprised largely of professionals, including doctors and lawyers, the business has cultivated a reputation for excellent service and a welcoming atmosphere\. The owner has operated the business for 20 years, building strong relationships with clients who value personalized care and attention to detail\.
**Location:** New Orleans, LA
**Inventory:** Not included in asking price
**Real Estate:** Leased
**Building Size:** 3,000 sq\. ft\.
**Lease Expiration:** November 5, 2024
**Rent: **$4,000
**Employees:** 4
\*\*Furniture, Fixtures & Equipment \(FF&E\): \*\*Included in asking price
**Facilities**
The business operates in a well\-maintained facility, with all equipment in excellent condition\. The property owner resides upstairs and is available to offer assistance when needed, ensuring a smooth operational transition for the new owner\.
**Prime Location**
This business is situated in one of the most coveted locations in New Orleans, on Magazine Street, which is known as the city's original business district\. The area is home to thriving restaurants, renowned fashion boutiques, and a vibrant mix of successful enterprises\. High foot traffic from tourists throughout the year makes this location ideal for attracting new customers\. The business also serves nearby fashion retailers, creating additional revenue streams\.
**Growth Potential**
Although the pandemic impacted operations, the business has shown steady recovery and clear growth opportunities\. Opening drop\-off locations could significantly increase volume and revenue\. Additionally, the closure of a competing dry cleaner due to a building fire presents a chance to capture new clients and expand the customer base\.
**Support & Training**
The current owner is committed to ensuring a seamless handover\. They will provide a minimum of three months of training and remain available to assist until the buyer is fully prepared to manage the business independently\.
**Reason for Selling**
After 20 enjoyable years of serving a loyal clientele, the owner is retiring\.
