Seller's Contact Information

  • RE:  Profitable Growing Laundromat With 18W/24 Dryers
  • Contact:  Richard Kim
Listing Update!
Update: Profitable Growing Laundromat With 18W/24 Dryers 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:

Profitable and Growing laundromat Business with 18 Washers and 24 Dryers.

Very Busy Downtown Location in High Dense Residential and Commercial Area.

There is great Potential for Growth; no direct competitor nearby.

Please email me for more details.

Property Features and Assets:

24 Dryers and 18 washers. Very Busy Downtown Location in High Dense Residential and Commercial Area.

Market Competition and Expansion:

There is great Potential for Growth; no direct competitor nearby.

Reason for Selling:

Other business interests.

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: Profitable Growing Laundromat With 18W/24 Dryers 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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The laundry is popular with self-service customers and is a fully attended, clean, spacious, and offers ample parking. The laundromat is open until 10pm daily and there are laundry promotions, Wi-Fi onsite, and fully stocked vending machines. The business also offers pick up/delivery and full-service drop off wash, dry, and fold. Same day service is available with a morning drop-off and next day delivery is an option for customers as well. The mix of commercial and residential services has proven to be successful as the recent customer satisfaction and online reviews are very positive. The washers and dryers are near new Dexter equipment that are ready for a new owner. There are 47 washers and 35 dryers on-site along with ancillary equipment like a change machine, soap vending machine, security system, and cash register. All furniture, fixtures, and equipment, including a branded/wrapped delivery van, is included in the asking price. The space itself measures roughly 3,300 square feet with ample parking and lots of room for growth. There is also room to expand advertising and marketing efforts through enhancing the online presence of the business. Don't miss out on this opportunity to own a well-run, turnkey laundromat with an excellent track record.

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Coin Laundry Laundromat for Sale! A well-established coin laundromat in West Dallas is now available for acquisition, offering significant growth potential. Established in 2004 and acquired by the current owner in 2015, this self-serve laundromat has been serving the local community for nearly two decades. The business provides customers with self-serve washing machines and complimentary drying with every wash, as well as selling laundry-related products for added convenience.Located at a prime intersection surrounded by other businesses and a residential area, the laundromat benefits from excellent visibility and accessibility. The 3,000-square-foot facility is situated within a retail strip with ample parking, serving a predominantly low-income customer base. While there is some competition in the area, this laundromat stands out due to its long-standing presence and strong reputation for quality service. Customers consistently praise the cleanliness and maintenance of the facility, further cementing its position as a trusted local business.For marketing the laundromat currently relies on word of mouth and a Google Maps page for reviews, but there is ample opportunity for growth through targeted marketing strategies such as direct mailers or social media advertising. Additionally, expanding services like offering wash-and-fold options could appeal to nearby college students, providing another avenue for increased revenue.The current owner operates the business on a semi-absentee basis, overseeing financials with minimal day-to-day involvement. This presents a unique opportunity for a new owner to increase involvement and drive further financial growth. With other opportunities, the owner is seeking a qualified buyer to take over this well-established laundromat with untapped potential for expansion and new services to capitalize on its growth opportunities.

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