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- RE: Laundromat With Wash/Dry/Fold Service
- Contact: Jack Greenawalt
Quick Facts
Asking Price: | $125,000 | |
Annual Revenue: | $88,871 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $31,865 | |
Total Debt: | Not Disclosed | |
FF&E: | $75,541 | |
Real Estate: | Not Disclosed | |
Year Established: | 1950 | |
Employees: | 2 | |
BBN Listing #: | 938143 | |
Broker Reference #: | 2602-18196 |
Business Overview:
Exceptional laundromat with self-serve machines and a full-service wash/dry/fold with pick-up or delivery option. This profitable business showcases super clean, high quality, well-maintained machines. They have recently added new washing machines. This business features 21 Front Load washers ranging from 18 to 80 lbs., two 18 lb. Top Load washers, 14 Dryers, Natural Gas Water Heater and storage tank, 10 Laundry Carts, 2 Soap Vending Machines, 3 Folding Tables and seating, Security Camera System w/Remote Monitoring & Mobile App, a 40" LCD TV and 26" LED TV. It is surrounded by apartments, houses, and a daycare. There is extensive parking. It is in the same strip mall as a grocery store, dental office, restaurant, hair salon and pet groomer. Operate this gem part-time while the business runs itself.
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Property Features and Assets:
This 1,800 square feet laundromat has a bathroom and office space with cash register, laundry scale, computer, and printer. The Owners make additional profit from renting space to an individual who has a coin pusher and claw machine on-site.
Assets = $76,041
Market Competition and Expansion:
This laundromat has the highest Google rating of any of its competitors. There will always be a demand for laundry services.
There is potential to grow the business with advertising for wash and fold and marketing to the campground, resorts and hotel in the area. A website and business Instagram could increase customer reach as well.
Reason for Selling:
The Sellers are pursuing another business interest.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
Relevant Links:
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