LISTING DETAILS
Listing Status: New
Asking Price: $450,000
Total Sales: $385,320
Cash Flow: $112,682
Real Estate Asking Price: N/A
FFE: $355,000
Inventory: $1,000
FFE Included in Sale: Yes
Inventory Included in Sale: No
Real Estate included in Sale: No
Employees: 3
Description
Business Summary:
Unique opportunity to take over a newly renovated laundromat with near new Dexter equipment in an excellent location. The business is ideally situated in a high traffic shopping center with nationally branded neighbors and located on a major thoroughfare. The laundromat has been recently remodeled with features and improvements to include: a NEW HVAC system ($26,000 value), a state-of-the-art computer system, near new Dexter machines (2019), new bathroom and plumbing, complete cosmetic and infrastructure rehabilitation, along with new fans, lighting, and signage.
The laundry is popular with self-service customers and is a fully attended, clean, spacious, and offers ample parking. The laundromat is open until 10pm daily and there are laundry promotions, Wi-Fi onsite, and fully stocked vending machines. The business also offers pick up/delivery and full-service drop off wash, dry, and fold. Same day service is available with a morning drop-off and next day delivery is an option for customers as well. The mix of commercial and residential services has proven to be successful as the recent customer satisfaction and online reviews are very positive.
The washers and dryers are near new Dexter equipment that are ready for a new owner. There are 47 washers and 35 dryers on-site along with ancillary equipment like a change machine, soap vending machine, security system, and cash register. All furniture, fixtures, and equipment, including a branded/wrapped delivery van, is included in the asking price. The space itself measures roughly 3,300 square feet with ample parking and lots of room for growth. 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.
Description of Facilities: The laundromat is situated in an open air retail center and surrounded by a number of popular and complementary businesses. The space measures roughly 3,300 square feet and is leased for $7,866.24/month (inlcuding NNN and trash removal). There are 2.5 years remaining on the current lease with a 5 year option available.
Competition: There is standard competition for the industry and market.
Growth & Expansion: The recent improvements and renovations have this business in good shape for growth and expansion. The 3,300 sq ft facility can absorb dramatic increase in usage without pressure on available interior space or parking.
Seller Financing Available: No
Reason for sale: Owner would like to pursue other interests.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
