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:
$149,900 $90,000

Services: Dry Cleaning & Laundry


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

Quick Facts

Asking Price: $149,900
Annual Revenue: $90,000
Net Profit: $45,000
Cash Flow: $45,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: $179,000
Year Established: December, 2000
Employees: Not Disclosed
BBN Listing #: 86256737
Broker Reference #: none

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Business Overview:

UPDATED: NEW ASKING PRICE, Will CONSIDER ALL SERIOUS OFFERS. NEW PRICE REDUCTION, BASED ON AN INCIDENT OF VANDALISM TO MANY OF THE WASHERS AND DRYERS ALSO COPPER STOLEN FROM HVAC UNITS THAT OCCURRED IN JULY 2021. BUSINESS IS CURRENTLY CLOSED. GREAT OPPORTUNITY AT AN EXTREMELY GREAT PRICE FOR NEW OWNER.

Wonderful location and building in good condition! Coin-op Laundromat located at 1596 West Capitol Street, Jackson, Mississippi.

Built in 1974, 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. Building is a brick structure with a flat roof (roof was replaced in 2002 and due to its age, may be in need of minor patch repairs), 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 with adequate parking lot space on front and side.The current name of the Business is: Triple L Laundry and have been owned and managed by current owner since 2000.

This community based Laundromat supports the Jackson community and has a steady diverse client base of loyal customers, many of whom have been using the facility 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 and TD-30x30 dryers, plus 3ea. additional TD30 dryers and 13ea additional washers and assorted parts used for repairs and stored in one of the back room units. Other amenities includes; tv/vending/sitting room with walk in cooler (cooler need some repair), Folding room and additional folding tables through laundry, office area, 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 variety 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 federal government contracts, finally, Owner Operator will increase cash flow/profits significantly. The Business has been supporting the local community for over 30 years and has maintained strong support and a great relationship with its loyal customers. The neighborhood is continuously growing, and will bring additional customers to the laundromat.

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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. Building is approximaiely 3400 sqft with 2400sqft occupied by the laundromat and two 600 sqft units with restrooms in the back of the building. The property sits on approximately 3/4 acre adequate parking lot space on front and side.

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. Business has tremendous growth potential to include; adding Wash and Fold services, Price Increases which has not occurred since 2004, Expanding the variety 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 federal government contracts, finally, Owner Operator will increase cash flow/profits significantly.

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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