LISTING DETAILS
Listing Status: Available
Asking Price: $300,000
Total Sales: $200,000
Cash Flow: $60,000
Real Estate Asking Price: N/A
Description
Business Summary:
Great opportunity to own a well-known neighborhood laundromat that's located in a busy strip center just off a major roadway in close proximity to the DC/Maryland border. The center contains a national brand grocery anchor and national brand pharmacy along with several restaurants, convenience shops and other small businesses. This is a bright, clean open air retail center with ample parking and many attractive features for a new owner. The business has been well-maintained over the years and has industry leading Dexter equipment. It's currently operated on an absentee basis, so an active owner-operator could make an immediate impact upon taking over. In addition to the laundry income, the business currently enjoys a nice revenue stream from lottery and convenience sales. New management could increase revenue with the addition of wash 'n fold, money transfer or other ancillary items. There are several commercial accounts currently in place as well. The current owner is willing to offer seller financing based upon the final purchase price, terms, and qualifications of the buyer. Please contact us today to learn more about this opportunity.
Description of Facilities: The business is situated in a 1446 square foot space with 24 Washers and 26 Dryers on site. The monthly rent is $4,500/month including all NNN and utilities average ~5,000/month. The existing lease runs through the year 2030.
Competition: There is standard competition for the industry and market.
Growth & Expansion: New management could increase revenue with the addition of wash 'n fold, expanding commercial accounts, increased delivery/pickup offerings or through focusing on money transfer or other ancillary items.
Seller Financing Available: Yes
Training & Support: Seller will provide necessary training and transitional support.
For more information on this listing, please complete our Non-Disclosure Agreement
