Seller's Contact Information

  • RE:  Growing/Profitable Laundromat In Busy ShoppingMall
  • Contact:  Richard Kim
Listing Update!
Update: Growing/Profitable Laundromat In Busy ShoppingMall is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry.

Business Overview:

Just Reduced Price for Quick Sale!

Growing and Profitable Laundromat with 29 Washers and 24 dryers in Busy and Large Shopping Mall.
All machines were upgraded and retooled in 2019.

There are many residential apartments and houses near the laundromat.

There is great potential for Growth by increasing dry cleaner drop-off and Wash & Fold business.

All the above data is reliable but accuracy is not guaranteed. All the above data is subject to verification through due diligent work by buyers under their responsibility. The Broker does not guarantee or represent the accuracy of all data.

Property Features and Assets:

Total 1,500 SF; 29 Washers and 24 Dryers Retooled and UpGraded in 2019. All equipment are in excellent working condition.

Market Competition and Expansion:

Only laundromat in large busy shopping mall at high traffic street. There is great potential for Growth by increasing dry cleaner drop-off and Wash & Fold business.

Reason for Selling:

Health.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

Opportunity Update!

Exciting update: Growing/Profitable Laundromat In Busy ShoppingMall has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!

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This developer territory resale encompasses Cook, Lake, DuPage, and McHenry counties, with a population exceeding 9.1 million people. The territory includes forty-five (45) licenses and currently has a laundromat generating approximately $17,000 per year in passive income. An additional laundromat is scheduled to open soon, while two more are in the final stages of construction. The total price includes a license to open your own laundromat. On average, individual units generate $420,000 per year in revenue and net between $175,000 and $220,000 per year, depending on the degree of in-house financing utilized.As the developer, you will market to your area and qualify potential candidates. Once the Franchise Agreement is signed by the new franchisee, and in collaboration with the corporate team, you will assist in launching the franchisee and periodically monitor their progress throughout the year. The franchise resale is structured to be managed semi-absentee and presents an uncommon opportunity in the current franchise industry.Each new franchisee earns you $24,500. Selling 40 licenses can yield up to $980,000. You also receive 2.75% of the annual revenue per unit. On average, laundromats earn over $420,000 annually.The new owner gets the business manual, corporate website, training, support, marketing material, mentoring, and continuing education. Duties include marketing to potential store owners and working with the franchise company and franchisees to ensure their success.Given the territory's size and the fragmented competition, this is a great opportunity for someone with business acumen, sales and business development experience, and a strong sense of community.

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