SOLD – Long Established Community Laundromat – Priced Below Market!
Business Type:
Drycleaning/Laundry Services
Asking Price: 95000.00
Gross Revenue:
156912.00
Cash Flow:
FF&E Value: 85000.00
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: Laurel
Year Established: -
Employees: 4
Listing Number: HZ289AH
Listing Broker: Alan Horn
Broker Contact:
240-394-5089
Broker Email:
alan@horizonbrokers.com
Business Summary:
A rare opportunity to step in and own one of the best equipped laundries in the area with near new Dexter equipment. The current owner is a long-time multi store owner/operator that is ready to retire. The owner's lifetime habit of perfect maintenance and aggressive equipment replacement makes this your opportunity to own a laundromat with many years of remaining service life on current laundry machines at a fraction of normal cost.
This laundry is priced significantly under market and will sell quickly. Complete absentee operation. Earn money day one as the new owner operator or as part of your family business. Great lease with many years remaining at good terms along with an excellent demographic profile of neighborhood laundromat users 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:
Located in a strip mall in a high traffic area. The business has 35 Washers and 36 Dryers.
Competition:
There is standard competition in the industry and market. Housing data shows a 395% change in housing units, 43% increase in rental units, and a steady increase in all key demographic categories known to use the services of a local laundry mats in years 2010-15*. (*source 2016 American Community Survey)
Growth & Expansion:
This well-established community laundry could benefit from fresh management with a focus on internet, direct mail, local print
promotions, and other advertising to the nearby rental market.
Seller Financing Available:
No
Seller Financing Terms:
Not available.
Reason For Sale:
Retirement.
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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A rare opportunity to step in and own one of the best equipped laundries in the area with near new Dexter equipment. The current owner is a long-time multi store owner/operator that is ready to retire. Don’t miss out on this unique turnkey business!
