Has anyone considered buying mom-and-pop dry cleaning businesses in the same market to roll up and scale a new brand? Seems like there are always a bunch for sale with relatively low barrier to entry and this could be a great way to scale quickly.
Right now they are typically run by the owners. You’re going to add overhead by putting managers in charge and still try to make a profit. The only way that works is if you buy enough of them to raise prices or save money on shared advertising or perhaps a shared pick-up service.
The pollution liability is high too.
I’m pretty sure dry cleaning is one of the industries that was "killed by millennials "
You shouldn’t make decisions on “seems” you need to make it with data. Do feasibility studies of each area and if the businesses are for sale have an accountant go over the books for the last five years.
Then you will know. Not what seems.
If they are so easy and always up for sale. That alone should tell you something.
“Seems like there are always a bunch for sale”
One reason for this is general decline of industry and another is owner sentiment.
Dry cleaners as well as other mom and pop often have a take or leave it attitude towards selling price.
Absent compromise, they don’t sell.
Here, in Florida, if mom and pop happens to own a small property, they believe they are sitting on pot of gold.