Laundromat - Cleaners Business For Sale
Not Disclosed, WA King County
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- RE: Laundromat - Cleaners Business For Sale
- Contact: Richard Hull
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $496,232 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $157,963 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 3 | |
| BBN Listing #: | 939410 | |
| Broker Reference #: | 37645-752735 |
Business Overview:
Coin Operated Laundry business for sale! An established coin laundry, suitable for both novice and experienced owners, is now available for acquisition. This business was founded and located at the existing location for many years. The laundromat offers typical services, including wash and dry and drop-off wash and fold. It is conveniently located in a 3,488 square feet stand alone building, surrounded by numerous neighborhoods and businesses that ensure a consistent flow of customers.
The customer base primarily consists of local residences and families who have been loyal patrons of the business for many years.
Currently, the business relies solely on word of mouth for marketing purposes. However, developing an online presence coupled with an aggressive marketing campaign would greatly enhance awareness and enable opportunities to promote all of the services of this great business.
The owner currently operates the business as an absentee, primarily handling weekly coin collections and bookkeeping duties. This opportunity is ideal for a qualified buyer seeking to take ownership of a well-established coin laundry business.
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Property Features and Assets:
Monthly Rent: $10,636.00
Square Units (Foot, Meter): 3,488
Terms Options: The current lease expires at the end of July 2025. Landlord is offering a 10-year fixed term lease with a 5-year renewal right at Fair Market Value
FF&E General Condition: Good
Market Competition and Expansion:
Competition: Few competitors are near the immediate market area, but this business brings consistent sales as the competition has already established its own personal local customer base.
Reason for Selling:
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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
Relevant Links:
- View more Washington businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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