Business Overview:
This 20 year plus coin operated laundromat, located on Hawaii’s Big Island, is being offered for sale due to the owner’s pending relocation back to the US mainland.
They have 32 machines (20 washing machines and 12 dryers), 22 of which were recently purchased and are still under 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 29% in 2019 versus 2018. 2019 sales of $220,000 generated over $89,000 of owner’s profit (“SDE”).
This is an easy business to operate in a beautiful part of Hawaii’s paradise. This business is being offered on a fully turnkey basis and the owner will provide a 5 year non-compete agreement.
They did not have to close the Business due to the virus.
To receive a detailed 40+ page Confidential Business Profile with all financial and other business details please contact us for a Non-Disclosure Agreement.
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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).
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.
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