LISTING DETAILS
Listing Status: Sold
Asking Price: $150,000
Total Sales: $175,000
Real Estate Asking Price: N/A
Description
Business Summary:
Well-maintained neighborhood laundromat located in Anne Arundel County, Maryland (in between Baltimore and Annapolis) with top of the line Dexter washers located in a community strip center with ample parking. This is a classic, low cost operation that would be perfect for a new owner-operator. Excellent opportunity to step in and take over a loyal customer base. New management can improve operations and revenue with the addition or increase of income streams from pick up/delivery, wash and fold, vending and commercial accounts. There are currently 3 employees working 25 - 30 hours a week at $14/hour plus tips. The gross revenue in last 12 months was over $175,000.
Description of Facilities: The laundromat occupies a 1,950 sq ft space with a monthly rent of $2,985. The existing lease runs through September of 2027. There are 15 Washers and 11 Dryers on site.
Competition: There is standard competition for the industry and market.
Growth & Expansion: New management can improve operations and revenue with the addition or increase of income streams from pick up/delivery, wash and fold, vending and commercial accounts.
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