LISTING DETAILS
Listing Status: Sold
Asking Price: $550,000
Total Sales: $429,670
Cash Flow: $118,000
Real Estate Asking Price: N/A
FFE: $250,000
Inventory: $1,000
Year Established: 2004
Employees: 7
Description
Business Summary:
Rare gem of a laundromat in Anne Arundel County, Maryland with near new machines from top of the line brands, Huebsch and Dexter. The business is situated in clean and well-maintained strip center in close proximity to a major thoroughfare. This is an ideal location for a laundromat as it's a shopping and services destination along side other national brand retail. The location is commonly bustling with activity and sees a significant amount of daily vehicle and pedestrian traffic. The business is well-run with solid financials and loyal customers (both established self-service and drop off and pick up/delivery clients).
The owner has decided it's time to retire after many successful years of running the business. The laundromat has an excellent reputation in the community and this goodwill was built up by many years of hard work. Please contact us today to learn more as we don't expect this opportunity to last long!
Description of Facilities: The 2,241 sq ft facility is situated in clean and well-maintained strip center in close proximity to a major thoroughfare. The monthly lease is $4,300 (including NNN) and the current lease runs through June of 2024. The location is ideal for a laundromat as it's a shopping and services destination along side other national brand retail. Here is a summary of all laundry equipment on site:
34 Washers & 37 Dryers in total
Dexter (15) 20Lb Washers
Huebsch (14) 30Lb Washers
Huebsch (4) 60Lb Washers
Dexter (1) 80Lb Washer
Dexter (2) 50Lb Stack Dryers (4 Total Pockets)
Huebsch (3) 45Lb Stack Dryers (6 Total Pockets)
Continental (9) 30Lb Stack Dryers (18 Total Pockets)
Competition: There is standard competition for the industry and market.
Growth & Expansion: There is room for growth and expansion through a number of avenues.
Seller Financing Available: No
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
