Coin Laundry for Sale in Essex

Essex, MD
Baltimore County

Asking Price: Annual Revenue:
$920,000 $266,474

Services: Dry Cleaning & Laundry

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RE: Coin Laundry for Sale in Essex Broker: Yuri Kovalenko

Quick Facts

Asking Price: $920,000
Annual Revenue: $266,474
Net Profit: Not Disclosed
Cash Flow: $87,283
Total Debt: Not Disclosed
FF&E: $650,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 436751174
Broker Reference #: 76551-328657

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Business Overview:

Completely renovated laundromat for sale . Recent interior retooling and renovation with brand-new Huebsch 200g Galaxy 600 machines. Ideal location in Essex,MD with chain grocery anchor, excellent demographics and loyal customer base (8+ years). Washer controls display in both English and Spanish. Accepts both cash and credit card directly at the control for customer payment flexibility. Fully attended, drop-off service, turnkey operation.

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Property Features and Assets:

This store has been completely renovated with top of the line energy efficient equipment and remote card system. Ownership involvement at this time is once a week to collect money from the card system.

Market Competition and Expansion:

Since store has been renovated, there has been no advertising or marketing effort at all. Profit has increased 26.08% organically. This increase will undoubtedly continue to maintain and increase into the following year without no involvement. This location is fully attended and does not currently offer Wash Dry Fold Service. If owner involvement were to increase, marketing effort put into place and additional revenue sources instituted, growth will increase bottom line dramatically, thus allowing for quicker note pay off and quicker return on initial investment. The overall return on investment over the life of this equipment will therefore increase substantially.

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.

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