Tupelo Data Room
Dry Cleaners
Active

Established Dry Cleaning & Laundry Service in Hampton Roads

Virginia, United States
listing image
Asking Price$495,000
Revenue$915,000
EBITDA$120,000
Cash Flow-
Description
Located in Hampton Roads Virginia in the heart of a sought after community, this business sits within a dense residential hub of 3,000+ homes in a one mile radius and benefits from a strong, stable military population. The area’s demographics create a steady flow of repeat customers and long term service relationships. Diverse Revenue Streams & Strong Institutional Relationships This operation provides a full suite of dry cleaning and laundry services, supported by a network of established commercial accounts. Current partnerships include: · Multiple hotels · A local high school · Several business clients These accounts rely on the business for pickup and delivery services, creating consistent, predictable revenue and opportunities for expansion. Community Driven Marketing With Exceptional Customer Loyalty Marketing efforts are deeply rooted in community engagement. The business actively supports local organizations through fundraising ads, participates in neighborhood events, and maintains a personal touch every new customer receives a handwritten thank you card from the owner. This commitment to service excellence is reflected in the company’s outstanding 4.8 Google rating, a powerful driver of new customer acquisition. Competitive Advantage Through Pricing & Performance The business conducts an annual competitive benchmark to ensure pricing remains 10% to 25% below local competitors, depending on garment type. This strategic pricing, combined with high service quality, positions the business as the value leader in the market. Consistent Growth & Significant Upside Potential Revenue has increased for two consecutive years: · 2023 to 2024: +9.7% · 2024 to 2025: +6.7% With a growing residential base, strong military presence, and untapped opportunities in commercial accounts and delivery services, this business is primed for continued expansion.
Real Estate
Rent is $6,490 per month
Building Size: 3900 sq. ft.
Furniture Fixtures & Equipment
$233k
Inventory
Included in Asking Price
Number of EmployeesFull-Time: 4Part-Time: 14
Year Established
15
Reason Selling
Retirement
Facilities & Assets
The business operates from two strategically positioned locations in the highly desirable major city in Hampton Roads, VA. The primary facility houses all cleaning equipment and serves as a full service processing and customer hub, while the second location is a dedicated retail storefront focused exclusively on convenient drop off and pick up services. Together, they serve a dense and growing population of over 3,000 households within a 3 mile radius.
Market & Competition
Marketing is both cost-effective and results-driven, centered on deep community engagement and consistent local brand exposure. The business supports local organizations through targeted advertising tied to fundraising events, creating strong goodwill while generating a steady pipeline of new customers. Customer retention is a clear strength, reinforced by personal touches such as handwritten thank-you cards sent to every new client. The owner’s active presence at community events further enhances visibility and trust, translating directly into repeat business and referrals. The company maintains an exceptional 4.8 out of 5.0 rating on Google, which serves as a primary driver of inbound inquiries and organic customer acquisition. This strong online reputation, combined with word-of-mouth referrals, reduces the need for heavy advertising spend while sustaining consistent revenue growth.
Growth Opportunities
The business benchmarks its competition on an annual basis to remain highly competitive within the market. Pricing is strategically set between 10% and 25% below competitors, depending on garment type, positioning the company as a strong value leader while maintaining healthy margins. There is clear upside potential for a new owner, supported by consistent revenue growth over the past three years, representing 17.1% cumulative growth. This trend reflects both strong demand and effective operational execution, with opportunities to further scale through pricing optimization, expanded services, or additional marketing initiatives.
Financing Options
SBA Lender pre-screened with $60,000 down
Related Categories
dry cleaning business for Sale
Business for Sale in Virginia
Asking Price$495,000