Laundromat on Hawaii’s Big Island - Still Open

Ocean View, HI
Hawaii County

Near Customers


Asking Price: Annual Revenue:
$265,000 $257,300

Services: Dry Cleaning & Laundry


Request More Information
Contact the Seller

RE: Laundromat on Hawaii’s Big Island - Still Open Broker: Thomas Caltrider

Quick Facts

Asking Price: $265,000
Annual Revenue: $257,300
Net Profit: Not Disclosed
Cash Flow: $109,600
Total Debt: Not Disclosed
FF&E: $144,300
Real Estate: Not Disclosed
Year Established: 1999
Employees: 2
BBN Listing #: 707952757
Broker Reference #: Big Is. Laundromat

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This 20 year plus old coin operated laundromat, located in Ocean View, on Hawaii’s Big Island, is being offered for sale due to the owner’s pending relocation back to the US mainland to be close to grand-kids.

They have 32 machines (20 washing machines and 12 dryers), 22 of which were recently purchased and are still under the manufacturer’s warranty, and all other needed assets to operate this very profitable business. They estimate that 90% of their customer are local residents and therefore their revenues are not directly affected by tourism.

Sales revenues are strong and growing, they were up 45% from 2018 to 2020 and even with the Covid-19 virus, 2020 sales were up 11% over 2019. They are an “essential” business and have not had to shut down due to the virus. 2020 generated over $109,000 of owner’s profit (“SDE”). All sales are in cash.

This is an easy business to operate in a beautiful part of Hawaii’s paradise. This area of Hawaii is one of the lower cost places to live in the state. This business is being offered on a fully turnkey basis and the owner will provide a 5 year non-compete agreement.

To receive a detailed 40+ page Confidential Business Profile with all financial and other business details please contact us for a Non-Disclosure Agreement.

Is now the time to own a business in Hawaii’s paradise?

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:

Leased Monthly Rent: $2,870.34, includes CAM and GET; $2.392 per square feet per month;($34,444 per year). The seller believes that the landlord will offer a qualified buyer a long term lease.

Market Competition and Expansion:

Limited direct competition.

Reason for Selling:

Relocation

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.

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!