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:
$159,900 $101,000

Services: Dry Cleaning & Laundry


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RE: Coin-Op Laundromat, 3600 Sqft building, Corner Lot Broker: Bruce Pearson

Quick Facts

Asking Price: $159,900
Annual Revenue: $101,000
Net Profit: $55,730
Cash Flow: $45,270
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: $178,000
Year Established: December, 2000
Employees: Not Disclosed
BBN Listing #: 86256737
Broker Reference #: none

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Business Overview:

UPDATED: NEW FIRM PRICE REFLECTING SIGNIFICANTLY REDUCTION, BASED ON AN INCIDENT OF VANDALISM THAT OCCURRED IN JULY 2021. BUSINESS IS STILL TEMPORARILY CLOSED

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 2400 sq ft supports the laundromat and there are two 600 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 55 lb, 40 lb, 30 lb, and 20 lb washers and 28 TD-30 & TD-30x30 dryers.. Other amenities includes; tv/vending sitting room with walk in cooler (cooler need some repair), Folding room and additional folding tables through laundry, Office room, also includes, 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 600-sqft units for additional business or rentals, Advertise business TV - Radio - News Paper and Social Media, Secure local and state private and government contracts, finally, Owner Operator will increase cash flow/profits.

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

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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 Business has been 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 600-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.

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.

Reason for Selling:

Retiring/Moving

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.

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