Established Coin Laundry - Great Location!

Tukwila, WA
King County

High traffic area


Asking Price: Annual Revenue:
$250,000 $151,876

Services: Dry Cleaning & Laundry


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RE: Established Coin Laundry - Great Location! Broker: David Smith
Owner Financing is Available!

Quick Facts

Asking Price: $250,000
Annual Revenue: $151,876
Net Profit: $1
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: 2
BBN Listing #: 303951531
Broker Reference #: dspaclaun

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Business Overview:

, if you like to have your hands in many money-making activities at one time then maybe this business is a good fit for you. Also easy on your body as none of these money-making activities are labor intensive. This business makes $$$ from a huge repeat customer base of the self-service washer and dryer usage. Then there is $$ made from offering a drop off service for in-store cleaning for customers, $$ is made from being a drop-off point for dry cleaners’ pickup. This laundromat offers snacks which also generate extra income. Then there is at least $800 a month made with money transfers. . Many new and or newer washers and drying machines. Square footage is 3750 so plenty of space for the new owner to be creative with some other money-making ideas of their own or just enhance the services that are already here. Such as the snack area, it could be taken up a level or two and add a full snack bar and maybe even offer espresso coffee type drinks. Maybe offer more ethnic-based food and drink snacks to better cater to the ethnic makeup of this neighborhood. Even the dry cleaner drop off services could be taken up a level. There is plenty of parking and easy in and out parking for your customers. Signage and visibility are strong. This business is located on a very busy street with several solid anchors in place that keep this plaza busy with people. This is a great location for a coin laundry. This type of business lends itself well to absentee or semi-absentee ownership. This type of business needs minimal employees so no huge labor costs will be incurred by the new owner. Come to check this business out, bring a load of dirty clothes and see for yourself how clean this business opportunity is.

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Property Features and Assets:

The base monthly lease is $4,811 and the monthly triple net is $3,133 it should be noted that the water bill is covered with this triple net cost. This is a laundry so that is a good savings for the owner. The lease is assignable and has a 5-year option to renew. About 3,750 square feet. Close to 100 combined new washers and new dryers please see the equipment list for further breakdown. Plenty of parking and easy access for your customers.

Market Competition and Expansion:

There are 3750 square feet so a new owner has the space to be creative. Take the snack area, for example, it could be taken up a level or two and add a full snack bar and maybe even offer espresso coffee type drinks. Maybe offer more ethnic-based food and drink snacks to better cater to the ethnic makeup of this neighborhood. There is enough space to even offer alteration services. Not any much competition, this is a very unique business.

Reason for Selling:

Health reason

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 a franchise resale opportunity.

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