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.
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.
“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.