Established And Profitable Laundromat In Laurel MD
Laurel, MD Prince Georges County
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- RE: Established And Profitable Laundromat In Laurel MD
- Contact: Alan Horn
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $325,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $78,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 2 | |
| BBN Listing #: | 945855 | |
| Broker Reference #: | HZ541AH |
Business Overview:
Unique opportunity to take over a established and well-known laundromat in a prime location. The business is ideally situated in a high traffic shopping center in close proximity to several major thoroughfares. The laundromat has been family owned and operated for the past 20 years with a very loyal customer base. The washer and dryer mix consists of top brands like Speed Queen and ADC which have all been well-maintained and are ready for a new owner. There are 58 washers and 70 dryers on site along with ancillary equipment like a change machine, soap vending machine, security system and cash register. All furniture, fixtures, and equipment are included in the asking price.
The space itself is 5,000 square feet with ample parking and lots of room for growth. The opportunities for expansion include: Pickup and delivery services, the introduction of loyalty programs and promotions, and collaborations with nearby business for cross-promotion efforts. A new owner may also want to consider adding vending and/or convenience items like coffee and baked goods, lottery, ATM, and other income streams. There is also room to expand advertising and marketing efforts through enhancing the online presence of the business.
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Property Features and Assets:
The 5,000 square foot facility is situated in a high traffic shopping center with good visibility. The current lease rate is $7,200/month including NNN. There are 1.5 years remaining on the current lease with two 5 year options available.
Market Competition and Expansion:
Competition:
There is standard competition for the industry and market, but this laundromat has been in operation for 20 years so it's become a well-known business in the community.
Growth & Expansion:
There is a room for a new owner to grow and expand the business.
Reason for Selling:
Owner is retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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