HomeSOLD – Established & Well-Known Laundromat in Prince George’s County, Maryland

SOLD – Established & Well-Known Laundromat in Prince George’s County, Maryland

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 200000.00
  • Gross Revenue: 200000.00
  • Cash Flow: 50000.00
  • FF&E Value:
  • FF&E Included in Sale: Yes
  • Inventory Value:
  • Inventory Included in Sale: No
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: Maryland
  • City/County: Prince Georges County
  • Year Established: 1996
  • Employees:
  • Listing Number: HZ492AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: Excellent opportunity to own a well-known laundromat in Prince George's County, Maryland. The owner has done a very good job building up the business with top quality Dexter equipment and an emphasis on offering a high level of service in a bright and clean center with ample parking.

    The location is unbeatable for a laundromat as it's in a busy strip center with excellent visibility just off a major roadway with nationally branded grocery anchor, national brand pharmacy, national banded restaurants and local convenience shops nearby. The demographics in the immediate area are strong for a laundromat with nearly 200K people in a 3-mile radius. There are many attractive features of this business for a new laundry owner or an experienced operator. Contact us today to learn more!

  • Description of Facilities: The laundromat is situated in a small strip center with excellent visibility and in an ideal location for a laundromat. The space 1,446 sq ft space is leased for $4,500/month including NNN with 8 years remaining on the current lease. The utilities run approximately $60K per year. There are 24 washers and 26 dryers that have been well-maintained.
  • Competition: There is standard competition for the industry and market.
  • Growth & Expansion: There is room for growth and expansion with an active owner operator. There are opportunities to grow more in the wash 'n fold category. There is also room for additional income streams like check cashing, convenience sales, or money transfer.
  • Seller Financing Available: No
  • Seller Financing Terms:
  • Reason For Sale: Owner is looking 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.
  • Download:

Excellent opportunity to own a well-known laundromat in Prince George’s County, Maryland. The business is situated in a retail center with excellent visibility and in an ideal location for a laundromat. The owner has done a very good job building up the business with top quality equipment and an emphasis on offering a high level of service.
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