LISTING DETAILS
Listing Status: Available
Asking Price: $2,900,000
Total Sales: $2,482,835
Cash Flow: $436,314
Real Estate Asking Price: N/A
Description
Business Summary:
Unique opportunity to own three 7000+ sq ft laundromats in Philadelphia, Pennsylvania. The businesses have been successful as a result of cutting edge management practices, a focus on the customer, and a full immersion into community engagement. This trio of state-of-the-art laundry centers was created with the goal of delivering a high level of customer experience. This includes a dedicated staff, large machines with fast wash/dry cycles that allows for more business while also reducing maintenance and utility costs.
The laundromats are clean, bright, modern, and are in ideal locations throughout the city for this type of business. The concept is highly-rated among customers and each location features modern amenities like WiFi, TVs, vending/snack machines — all of which were implemented to improve the customer experience. Each location also offers an a la carte menu of laundry services like wash/dry/fold and dry cleaning with convenient turn-around times and competitive rates.
Please note, the revenue and cash flow claims made are based on 2021s financial performance. The 3 year average (2019-2021) revenue for the three laundromats was $2,835,485 with the same 3 year average cash flow being $760,078. In 2019 and years prior to COVID the 3 laundromats were generating just over $3mil in revenue and cash flow between $900k-$1mil. We have financials back to 2018 to show the strength of the business and available for review to qualified buyers. Please contact us today to learn more about this opportunity!
Description of Facilities: Each laundromat averages around 7,000 square feet and are ideally situated in prominent locations throughout the city. Please inquire for exact locations, precise rent details, lease terms, and available options.
Competition: There is standard competition for the industry and market, but these laundromats have a number of built-in advantages over a majority of other nearby laundromats.
Growth & Expansion: The owner spared no expense in the build out, so the portfolio of laundromats is set up for the next owner to continue growing and expanding the business.
Reason for sale: Owner would like to focus on other business interests.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
