HomeSOLD – Well-Known Laundromat in a Prime Baltimore Location

SOLD – Well-Known Laundromat in a Prime Baltimore Location

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 130000.00
  • Gross Revenue: 110000.00
  • Cash Flow:
  • FF&E Value: 60000.00
  • FF&E Included in Sale: Yes
  • Inventory Value: 500.00
  • Inventory Included in Sale: No
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: Maryland
  • City/County: Baltimore
  • Year Established: 2011
  • Employees: 2
  • Listing Number: HZ384AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: Established laundromat in large shopping center situated on a prime corner location with lots of free parking. The shopping center is in a densely populated neighborhood that's full of apartments and homes that's just off I-95 with great visibility and access. All equipment was purchased brand new in 2011.

    There are 22 washers and 23 dryers with cheap rent and NO WATER BILL! The business has served the community for many years with lots of loyal customer making this an ideal low risk/low cost opportunity which can also be a passive second income for an absentee owner.
  • Description of Facilities: The laundromat occupies 1400 square feet of space and is located in a community strip mall. The lease is $2,800 + NNN. There are six years remaining on the lease with an available five year option.
  • Competition: Competition is standard for the industry and market, but this business has served the community for many years with lots of loyal customers.
  • Growth & Expansion: A new owner has many opportunities to grow and expand the business including creating more awareness about the business, expanding services, and more.
  • Seller Financing Available: No
  • Seller Financing Terms: N/A.
  • Reason For Sale: Owner wishes 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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Established laundromat in large shopping center situated on a prime corner location with lots of free parking. The shopping center is in a densely populated neighborhood that’s full of apartments and homes that’s just off I-95 with great visibility and access. All equipment was purchased brand new in 2011.
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