Business for Sale Overview:
This coin operated laundromat was established about 5 years ago. The equipment is almost 5 years old. There are 23 washers and 23 gas dryers, all front loaders. There are twelve 24 pound machines, eight 35 pound and three 50 pound machines. The laundromat is located in a shopping center with plenty of parking.
The laundromat has just been reduced to $85,000 and is sold in" as is condition."
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:
The laundromat is housed in a 1,400 square foot facility that is located at the end of the shopping center. There is three years left on the lease with one 5 year option. The rent is $2,470 and includes the water.
Market Competition and Expansion:
The market outlook is great for this business and location. Currently, there is no wash and fold in place and, implemented, can add to the bottom line.
One could also consider picking up routes for additional work.
The owner is absentee; this business would be best served if there was a "hands on" owner to provide additional services.
Reason for Selling:
The owner has to travel too far
Additional Details:
- The property is leased.
- The owner is not 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.