Established Dry Cleaning & Alterations Business Turnkey Opportunity An excellent opportunity to acquire a well-established dry cleaning depot and alterations business operating successfully since 2014. The current owner has been running the business for over 12 years and is now offering it for sale as part of a planned retirement transition.The business has built a loyal and established customer base over the years, supported by its convenient location and limited direct competition in the immediate area. Situated in a **busy shopping centre surrounded by high-traffic retail businesses, the location benefits from strong visibility, convenient access, and consistent daily customer traffic.The operation is straightforward and easy to manage, making it well suited for an owner-operator or entrepreneur looking for an established business with relatively simple day-to-day operations.There is also significant opportunity for a new owner to grow revenue. Potential growth strategies include increasing local marketing, targeting surrounding households and businesses, expanding alterations services, introducing pickup and delivery, and developing recurring commercial accounts.The total monthly occupancy cost is approximately $5,500, including base rent and operating costs, with utilities billed separately. The business is supported by a long-term lease with a renewal option, providing continuity for the incoming owner.Key Highlights Operating successfully since 2014 12+ years under the current ownership Established and loyal customer base Limited direct competition in the immediate area High-traffic shopping-centre location Strong visibility and convenient customer access Simple, manageable day-to-day operations Suitable for an owner-operator Growth potential through marketing and pickup/delivery services Approximately $5,500/month rent including operating costs Long-term lease with renewal option Owner selling due to retirement. Turnkey operation with an established market presence High end equipment and leasehold improvements cost $400,000 plus. This is a compelling opportunity for an entrepreneur seeking an established, easy-to-operate service business with a proven operating history and multiple avenues for future growth.
Essential information
MLS® number
A2353351
Status
Active
Price
$489,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
None Known
Building area
1,222 sq ft
Listing brokerage
CIR Realty
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CG
Community
City
Edmonton
Province
AB
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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EBITDA—
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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$380,000Edmonton
