Strong's Cleaners

Strong's Cleaners

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Security Type
Debt/Note
Categories
Other
Location
Pittsburgh, PA
Offering Date
May 06, 2020
Expected Close Date
September 02, 2020
Target Raise
$10.00K-$25.00K

Company Description

90 Year Strong, Black Owned Business is Ready to Scale Up: This is not just a dry cleaning business; this social entrepreneurship is defined by its cultural impact. Strong II Dry Cleaners, LLC (dba Strong’s Cleaners) is a 90-year-old Black, family-owned fabric care business that is currently owned and operated by Justin Strong, serial entrepreneur and cultural influencer. The business is located in a family-owned commercial property, in a slowly-gentrifying, historically African American neighborhood called Homewood in Pittsburgh, PA. They also have a “drop-store” located in the Grant Building, in the heart of Downtown Pittsburgh, which is managed by a separate company.

Use of Proceeds

First $10k will be used to upgrade the facility to handle an increase in medical uniform cleaning needs. This includes hot water heater capacity, an additional 26lb washer, and chemical supplies to confidently clean items; plus the cost of installation.

Remaining $15k will be used to reach a settlement deal with the current equipment leasing company to payoff remaining balance at a reduced amount. This will save roughly $5k and eliminate a monthly debt payment of $503.

Management Team / Advisory Board Bios

Justin Strong - Owner
Amount Raised : $12,700
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Security Description

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