Turn-Key Laundromat & Drycleaner

Business Overview:

This well-kept neighborhood laundromat with dry cleaning sits on a busy corridor in a desirable, largely residential area. Located in South Minneapolis, serving the same neighborhood for over 60 years. It is turn-key, with a loyal local customer base, and is ideal for a hands-on owner-operator.

• Steady revenue of about $200K a year from self-service laundry, dry cleaning, and wash and fold.
• Owned equipment valued at approximately $300K, in a facility upgraded continually over the past 15 years: washers, HVAC, restrooms, lighting, storefront and parking lot.
• Clear room to grow: no website, card payments, commercial accounts or marketing in place today.

Asking $299,000, including all equipment. The real estate is available on a five-year lease. 

Buyer qualifications: Minimum $250,000 cash down payment required. Owner-operators only.

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Reason for Selling:

Other interests. Kindly ask the seller for more information.

Additional Details:

Documents:

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