Business For Sale

Coin-Op Laundromat, 3600 Sqft building, Corner Lot

Jackson, MS
Hinds County

1596 West Capitol St, and corner of Longino St.


Asking Price: Annual Revenue:
$325,000 $101,000

Services: Dry Cleaning & Laundry


Request More Information
Contact the Seller

RE: Coin-Op Laundromat, 3600 Sqft building, Corner Lot Broker: Bruce and Eloise Pearson
Owner Financing is Available!
Owner Financing available with $65,000 down and 15 year monthly payment terms TBD

Quick Facts

Asking Price: $325,000
Annual Revenue: $101,000
Net Profit: $55,730
Cash Flow: $45,270
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: $178,000
Year Established: December, 2000
Employees: 1
BBN Listing #: 86256737
Broker Reference #: none

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Wonderfully well maintained! Coin-op Laundromat located at 1596 West Capitol Street, Jackson, Mississippi.

Built in 1974 by original owner, it is brick structure consisting of 3600 sq ft of which 1800 sq ft supports the laundromat and there are two 900 sq ft units with separate restrooms in each of them. The building and business was purchased by current owner in 2000.

Building is situated on a corner lot at Capitol street and Longino Street with adequate parking lot space on front and side.

This community based Laundromat supports the Jackson community and has a steady diverse client base of loyal supporters, many whom have been using the services for more than 30 years.

Laundromat includes; Wascomat equipment consisting of 28 assorted 50 lb, 40 lb, 30 lb, and 20 lb washers and 28 TD-30 & TD-30x30 dryers and was installed new in 2004. Other amenities includes; an Central heat and air conditioned tv/vending sitting room with walk in cooler (cooler need some repair), Folding room and additional folding tables through laundry, Office room, also includes a Bill changer, Two restrooms, Industrial fan, Cameras, security door gates and alarm system.

Business has tremendous growth potential to include; adding Wash and Fold services, Price Increases which has not occurred since 2004, Expanding the verity of vending products, Using the two back 900-sqft units for additional business or rentals, Advertise business on TV - Radio - News Paper and Social Media, Secure local and state private and government contracts, finally, Owner operator and reducing outside labor cost.

The current name of the Business is; Triple L Laundry and have been owned and managed by current owner since 2000.

The business has seen steady increases in revenue for the past four years with 2019 projected to be even higher than 2018 and will continue provide steady income to the new owner.

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.

Property Features and Assets:

Building is a brick structure with a flat roof, situated on a corner lot at 1596 West Capitol street and three-way stop light at Longino street. The property sits on approximately 3/4 acre adequate parking lot space on front and side. The build has a fairly new 5K heating and air conditioning unit that supports the office, tv sitting room and folding room, and a second heating and air conditioning unit and window type unit that support the back two rooms. The Business has been in supporting the community for over 30 years and has maintained strong support and a great relationship with loyal customers. The business also has tremendous growth potential which include; adding Wash and Fold services, Price Increases which has not occurred since 2004, Expanding the verity of vending products, Using the two back 900-sqft units for additional business or rentals, Advertise business on TV - Radio - News Paper and Social Media, Secure local state government and private, Neighborhood continued growth, and Owner operator reducing outside labor cost.

Market Competition and Expansion:

There are limited laundry service businesses in the immediate area, many customers travel from outside the area due to the best prices, quality of service, and cleanliness of the facility, also loyal customers who have moved out of the area continues to use the facility. The laundromat only uses 1800 sqft of the 3600 sqft building and there are two 900 sqft units in the back that have been used in the past as rentals. This space is sufficient to accommodate many new start up business ventures or can be used as rental space.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!