Business Overview:
This modern (bright and clean) laundromat with real estate is an excellent investment opportunity. Card-operated, high capacity front-load washers & dryers attract customers who can complete their laundry in less than an hour. Many opportunities for growth that the current owner has not capitalized on due to owning two other businesses and spending little time at this one. A new owner, who would devote 8-10 hours/week could dramatically increase revenues and profits. The owner's investment in the real estate is approximately $425,000, which is included in the selling price.
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:
3,000+ square foot facility; all new equipment (1 year old).
Support/Training: Seller will assist a buyer during transition; current employees are well trained, making for an easy transition.
Market Competition and Expansion:
Competition: This state-of-the-art coinless laundromat is located in an area with excellent demographics and apartment density. Area laundromats are smaller with older equipment.
Growth/Expansion: The current owner spends only 2-3 hours/week at the business. Additional growth opportunities to expand: drop-off laundry/dry cleaning service; additional vending machines; cross-marketing opportunities with other area businesses, including pizza & cell phone retailers.
Additional Details:
- The property is owned.
- 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.
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