Business Overview:
Opportunity to own a very well run, semi-absentee laundromat, located in a small strip center with parking & 3 entrances for easy access and new condos opening next door. It's been owned by the same owner for the last 14 years, who had the store built from scratch. The buildout included a $35k investment in Card Concepts Laundrycard System.
The 2,500 square feet facility is clean and well maintained with a reliable staff. The 14 year old equipment concludes 34 Speed Queend Washers, 16 20lb, 12 40lb, 5 60lb, 1 80lb, and 17 stacked dryers, all in good working order. Self service is 55% of the business, wash n fold 40% & dry cleaning/vending 5%. There is 1 1/2 years on the current lease and two 5 yr options. Revenue increased 9% in 2019 as customers are returning from a larger but more expensive competitor. Financials based on tax returns. Owner will provide 2 weeks of training.
Business is offered at $250,000. Motivated owner is dealing with health issues which are forcing the sale of the business. For more details contact Paul Holveck at Executive Business Brokers. Please use email reply button of this ad to contact us.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
Owner is retiring.
Additional Details:
- The property is owned.
- 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.
Relevant Links: