HomeSOLD – Established & Profitable Baltimore Laundromat

SOLD – Established & Profitable Baltimore Laundromat

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 125000.00
  • Gross Revenue: 120000.00
  • Cash Flow: 30000.00
  • FF&E Value: 100000.00
  • FF&E Included in Sale: Yes
  • Inventory Value: 1000.00
  • Inventory Included in Sale: Yes
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: Maryland
  • City/County: Baltimore
  • Year Established: 1992
  • Employees: 2
  • Listing Number: HZ491AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: An excellent opportunity for a new owner to step in and take over an established laundromat in Baltimore, Maryland. The business has been established for over 25 years, but is currently run on an absentee basis. Roughly $35K was invested recently in upgrading the equipment to top of the line Dexter brand, so there are many years of remaining service life on laundry machines. The business is located in a small neighborhood shopping center off a major thoroughfare with a loyal customer base. Along with reasonable rent of $1,680/mo, there are good lease terms with many years remaining.

    Perfect for an owner-operator or as part of a family business. There is an excellent demographic profile of neighborhood laundromat users that suggest many more years of dependable cash flow. Fresh eyes and contemporary marketing methods can take this solid business to the next level.

  • Description of Facilities: The laundromat is situated in a strip mall shopping center just off a main thoroughfare. The space is approximately 2000 sq feet with 31 Washers and 20 Dryers and is leased for $1,680/month.
  • Competition: There is standard competition for the industry and market, but this laundromat is a well-known and established business. There is a high density of apartments and renters enabling this laundromat to attract new customers. Limited retail space in the immediate area suggests low probability of new competitor emerging.
  • Growth & Expansion: The business is located in a captive shopping center in center of neighborhood. Adding services like wash and fold and/or pick up and delivery would increase revenue as would offering check cashing, money transfer, lottery, phone cards, etc.
  • Seller Financing Available: Yes
  • Seller Financing Terms: Financing available depending on offer, terms, and qualifications of buyer.
  • Reason For Sale: Owner wants to pursue other business interests.
  • Seller Support & Training: Seller will provide necessary training and support.
  • Get More Information: To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Excellent opportunity for a new owner to step in and take over a well-known laundromat in Baltimore, Maryland. The business has been established for over 25 years and has excellent reviews on popular online platforms. There has been a significant recent investment in upgrading the equipment to top of the line Dexter brand, so there are many years of remaining service life on the laundry machines.
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