HomeSOLD – Well-Run Laundromat in a Prime Location!

SOLD – Well-Run Laundromat in a Prime Location!

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 165000.00
  • Gross Revenue: 163118.00
  • Cash Flow: 33000.00
  • FF&E Value: 65000.00
  • FF&E Included in Sale: Yes
  • Inventory Value: 1000.00
  • 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: HZ433AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: A unique opportunity to step in and own one of the best equipped laundries in Laurel, Maryland with well-maintained Dexter equipment. The business is in a prime strip mall location with a national retail chain as an anchor store. This is an excellent opportunity to own a laundromat with high quality equipment and many years of remaining service life on current machines at a fraction of normal cost.

    This laundry is priced 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 with national anchor. There are 31 washers and 42 dryers. The space is approximately 2000 square feet and leased $4460/month including NNN. The current lease runs through the end of 2022 and there is a 5 year option available.
  • 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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Unique opportunity to own one of the best equipped laundromats with high quality and well-maintained Dexter equipment. The business is in a prime strip mall location with national retail chain as an anchor store. This business is a complete absentee operation with significant upside potential!
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