Business Overview:
Two well located Tucson Laundromats. Long established. Equipment is very well maintained and the premises are clean and recently painted. One attended and one unattended. Attended Laundromat has manager plus three other part time employees. Clientele from foothills, university area, doctor offices, and surrounding neighborhoods and apartments. Gem show traffic is a great plus! Several commercial wash and fold accounts. Dry cleaning is outsourced. Seller took over these Laundromats two years ago from a distressed situation and is building the revenues back up. This is a great opportunity for someone looking for a good return on investment and limited working hours. Ideal for a retired person with a few handyman skills.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Both Laundromats are on a busy street. One is located in a strip mall and the other in a corner center with an anchor grocery store. The facilities are clean and the equipment is in excellent repair. Square footage is 2,400 and approximately 1,800. Both leases expire in 2013 with five-year renewal options. Current rent is $4,100 and $3,400 respectively.
Market Competition and Expansion:
Competition: Nearest competitor is over two miles away and is limited in the number of washer and dryers.
Marketing: Seller is beginning to solicit more commercial wash and dry accounts. Marketing to gem show exhibitors and the local hotels/motels could be expanded.
Reason for Selling:
Other business interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.