Card System Laundromat

Not Disclosed, PA
Lehigh County

Asking Price: Annual Revenue:
$650,000 $287,616

Services: Dry Cleaning & Laundry

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RE: Card System Laundromat Broker: Seller of Business

Quick Facts

Asking Price: $650,000
Annual Revenue: $287,616
Net Profit: $122,396
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2.5
Employees: 4
BBN Listing #: 57142979
Broker Reference #: 6360DB

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Business Overview:

Beautiful state of the art card system laundromat currently run 100% absentee 3,500 square feet all equipment manufactured by Maytag 24 washers, 31 dryers ESD card system, two years old, all machine parts under warranty until 2022. Entire building remodeled and engineered to perfection. There is a total of 14 parking spaces. Freestanding building 15,000 car count a day that passes the Laundromat. Numbers are projected based on $24,000 a month in revenues, numbers are continuing to grow. Seller owns the building and will give a long-term favorable lease & first right of refusal. 80% self service. Bank financing available with 35% down. Laundromat is in pristine shape spacious with plenty of natural light, located in neighborhood setting. An owners touch can substantially grow this business.

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Market Competition and Expansion:

There is competition in area but demographics warrant this business. Owner could expand the wash and fold, could add pick up and delivery service as well as some commercial accounts.

Reason for Selling:

Owner is buying up larger strip malls.

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.

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