Business Overview:
Don't let this opportunity wash away, purchase a profitable coin-op laundry with 20+ years of reputable service.
The coin laundry business is utility intensive for the operator. The rising cost of utilities often pose a problem for owners by negatively skewing profit ratios. This coin-op is on well water, with a supplementary line to the city, thus dramatically reducing the burden of utilities on this particular coin-op. Location is another prime factor in determining the success of a coin-op. This industry typically performs best in densely populated areas of low-to-mid income with 50% or more renters. This location sits across the street from an immense rental development within the above mentioned income range making it a prime location for a coin-op, as evidenced by their decades of successful operation. Competition and service diversity are the next top tier factors in placing value on a coin-op. This location has an immense offering of services and amenities for their customers and is the only coin-op of its magnitude in the vicinity, the next closest locations being over a mile away. The coin laundry industry is traditionally a predictable and productive business with little fluctuation stemming from economics and trends. People always need clean clothes.
This coin-op has decades of profitability to prove its worth in today's business market. When you step inside this diverse service oriented laundromat, you as a customer are greeted with a slew of services. Aside from the abundance of commercial grade washers and dryers, there are three over-sized washer/dryers for rugs, comforters, and washables of the like. Need a snack while you wait? Step up to their service counter and grab a treat as well as any washing supplies you may have forgotten. Make the time sail by at the pool table, one of the choice arcade games or touch screen game machine, or just catch whatever on the television. For those with a heavy load and a busy schedule, utilize the same day wash and fold services to give time back to your schedule.
All equipment is housed and services are conducted within the approximately 3,200 square feet facility. Located across the street from a dense rental and single family population, this location caters to a community of 50% plus low-to-mid income renters. This in addition to being situated within a high occupancy and highly visible strip mall
Don't wait for the suds to settle or this fantastic turn-key cash business may dry up.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
3,500 square feet building.
Reason for Selling:
Retirement
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.