Established & Profitable Baltimore Laundromat

Baltimore, MD
Baltimore County

Asking Price: Annual Revenue:
$125,000 $145,000

Services: Dry Cleaning & Laundry

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RE: Established & Profitable Baltimore Laundromat Broker: Alan Horn
Owner Financing is Available!
Available depending on the final purchase price, terms and qualifications of the buyer.

Quick Facts

Asking Price: $125,000
Annual Revenue: $145,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 2
BBN Listing #: 173732377
Broker Reference #: HZ408AH

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Business Overview:

A tremendous opportunity for a new owner to step in and take over an established laundromat in Baltimore, Maryland. The business has been established for over 25 years, but is currently run on an absentee basis. The owner recently invested in upgrading the equipment to top of the line Dexter brand, so there are many years of remaining service life on laundry machines. The business is located in a small neighborhood shopping center off a major thoroughfare with a loyal customer base. Along with reasonable rent of $1,680/month, there are good lease terms with many years remaining.

Perfect for an owner-operator or as part of a family business. There is an excellent demographic profile of neighborhood laundromat users that suggest many more years of dependable cash flow. Fresh eyes and contemporary marketing methods can take this solid business to the next level.

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Property Features and Assets:

Located in a strip mall shopping center on a main thoroughfare. The space is approximately 2,000 square feet with 31 Washers and 20 Dryers.

Market Competition and Expansion:

Competition: There is standard competition for the industry and market, but this laundromat is a well-known and established business. There is a high density of apartments and renters enabling this laundromat to attract new customers. Limited retail space in the immediate area suggests low probability of new competitor emerging. Growth & Expansion: The business is located in a captive shopping center in center of neighborhood. Adding services like wash and fold and/or pick up and delivery would increase revenue as would offering check cashing, money transfer, lottery, phone cards, etc.

Reason for Selling:

Owner relocating out of the area.

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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