LISTING DETAILS
Listing Status: New
Asking Price: $495,000
Total Sales: $325,000
Cash Flow: $78,000
Real Estate Asking Price: N/A
Inventory: $325
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Real Estate included in Sale: No
Employees: 2
Description
Business Summary:
Unique opportunity to take over a established and well-known laundromat in a prime location. The business is ideally situated in a high traffic shopping center in close proximity to several major thoroughfares. The laundromat has been family owned and operated for the past 20 years with a very loyal customer base. The washer and dryer mix consists of top brands like Speed Queen and ADC which have all been well-maintained and are ready for a new owner. There are 58 washers and 70 dryers on site along with ancillary equipment like a change machine, soap vending machine, security system and cash register. All furniture, fixtures, and equipment is included in the asking price.
The space itself is 5,000 square feet with ample parking and lots of room for growth. The opportunities for expansion include: Pickup and delivery services, the introduction of loyalty programs and promotions, and collaborations with nearby business for cross-promotion efforts. A new owner may also want to consider adding vending and/or convenience items like coffee and baked goods, lottery, ATM, and other income streams. There is also room to expand advertising and marketing efforts through enhancing the online presence of the business. Don't miss out on this opportunity to own a well-run, turnkey laundromat with an excellent track record. Contact us today to learn more!
Description of Facilities: The 5000 square foot facility is situated in a high traffic shopping center with good visibility. The current lease rate is $7,200/month including NNN. There are 1.5 years remaining on the current lease with two 5 year options available.
Competition: There is standard competition for the industry and market, but this laundromat has been in operation for 20 years so it's become a well-known business in the community.
Growth & Expansion: There is a room for a new owner to grow and expand the business.
Seller Financing Available: No
Reason for sale: Owner is retiring.
Training & Support: Seller will provide transitional training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
