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  • RE:  Outstanding Coinless Laundromat In Cleveland Ohio
  • Contact:  Bill Molchan

Quick Facts

Asking Price: $850,000
Annual Revenue: $342,000
Net Profit: Not Disclosed
Cash Flow: $240,000
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 4
BBN Listing #: SB-55563
Broker Reference #: CLESWOH001-55563

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Business Overview:

Busy, coinless Laundromat equipped with state-of-the-art machines located in a densely populated neighborhood of Cleveland is now available for acquisition. This business has been serving the community for nine years offering both self-serve and wash-and-fold services for those who prefer dropping off their clothes and retrieving them later. Business features 35 washers and 38 dryers that are advanced, energy-efficient machines with card readers. Customers can conveniently receive a store card which is then loaded with money to be used to operate the machines Customers can use either cash or a credit card to put funds on the card. All transactions are handled by an ATM- like machine; attendants do not handle cash. Additionally, vending machines stocked with drinks, snacks, and laundry supplies are readily available as well as seller-owned arcade games. More variety of soaps and softeners are available from the attendant. The business is efficiently managed by four part-time attendants who ensure exceptional customer service and maintain high cleanliness standards. The owner is involved on a part-time basis, dedicating approximately six to eight hours per week to managing financials, overseeing employees, and inspecting the facility. The facility is protected by a top of the line ADT security system. Cash represents 56% of the revenue..

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Property Features and Assets:

350000

Reason for Selling:

Retirement

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

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