Laundromat-Coin Operated

Ephrata, PA
Lancaster County

Asking Price: Annual Revenue:
$129,000 $79,700

Services: Dry Cleaning & Laundry

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RE: Laundromat-Coin Operated Broker: Jeffrey Shelly

Quick Facts

Asking Price: $129,000
Annual Revenue: $79,700
Net Profit: Not Disclosed
Cash Flow: $26,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: Not Disclosed
BBN Listing #: 927255091
Broker Reference #: Not Disclosed

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Business Overview:

This coin operated laundromat is situated in a Shopping Center along a busy northern Lancaster County roadway. It has served customers since the 1950's and can get rather busy. There are a total of 24 washing machines and 24 dryers neatly arranged in the facility. The Seller recently invested over $40,000 in new machines and remodeled the facility for a better customer experience. It is open 17 hours per day, from 6:00 AM to 11:00 PM to capture both daytime and evening business. It features a time-controlled magnetic lock so that there is no need to be there at closing time. This a a great opportunity for a second business or a retirement project as a daily visit is not needed.

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Property Features and Assets:

The Business is situated in a leased location in a Shopping Center along a major Roadway in northern Lancaster County. It is a good location that brings many repeat customers.

Market Competition and Expansion:

The nearest competitor is several miles away and not as conveniently located. This location is a draw because a customer can start a load of wash and visit other stores at the Shopping Center. While the main area of the location is fully utilized, the Business could be expanded to include a wash and fold service or dry cleaning. Both of these were utilized previously and there is amply space in a private room to do them.

Reason for Selling:

Wishes to concentrate on another owned business.

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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