Listing Status: Sold
Asking Price: $180,000
Total Sales: $200,000
Cash Flow: $43,000
Real Estate Asking Price: N/A
FF&E Included in Sale: Yes
Inventory Included in Sale: Yes
Real Estate Included in Sale: No
Year Established: 2001
Business Summary: Excellent opportunity to take over an established and locally owned laundromat in the heart of York, Pennsylvania. The business has been serving the community for 20 years and remains popular with locals and visitors to this day. This business is in an ideal location and sees a high volume of daily traffic offering increased visibility and exposure. There are favorable demographics for this type of business as well with 90,364 people in 35,967 homes within a 3 mile radius. Don't miss this chance to buy a turn-key laundromat with plenty of opportunity to improve operations, expand services, and grow the business!
Description of Facilities: The business is situated in a neighborhood shopping center with a grocery anchor, other nationally recognized co-tenants, and ample parking. The 2,600 square foot space is leased for $2,800/month.
Competition: There is standard competition for the industry and market.
Growth & Expansion: A new owner could grow and expand the business by expanding or adding services like wash 'n fold. There is also room for increased growth by expanding ancillary services like tailoring and garment repair.
Seller Financing Available: No
Seller Financing Terms: N/A.
Reason For Sale: Owner is retiring.
Seller Support & Training: Owner will provide training and support to transition the business to the next owner.