Well-Run Laundromat in a Prime Location!

Laurel, MD
Anne Arundel County

Asking Price: Annual Revenue:
$165,000 $163,118

Services: Dry Cleaning & Laundry

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RE: Well-Run Laundromat in a Prime Location! Broker: Alan Horn

Quick Facts

Asking Price: $165,000
Annual Revenue: $163,118
Net Profit: Not Disclosed
Cash Flow: $33,000
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 718332377
Broker Reference #: HZ433AH

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Business Overview:

A unique opportunity to step in and own one of the best equipped laundries in Laurel, Maryland with well-maintained Dexter equipment. The business is in a prime strip mall location with a national retail chain as an anchor store. This is an excellent opportunity to own a laundromat with high quality equipment and many years of remaining service life on current machines at a fraction of normal cost.

This laundry is priced under market and will sell quickly. Complete absentee operation. Earn money day one as the new owner operator or as part of your family business. Great lease with many years remaining at good terms along with an excellent demographic profile of neighborhood laundromat users 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 with national anchor. There are 31 washers and 42 dryers. The space is approximately 2,000 square feet and leased $4460/month including NNN. The current lease runs through the end of 2022 and there is a 5 year option available.

Market Competition and Expansion:

Competition: There is standard competition in the industry and market. Housing data shows a 395% change in housing units, 43% increase in rental units, and a steady increase in all key demographic categories known to use the services of a local laundry mats in years 2010-15*. (*source 2016 American Community Survey) Growth & Expansion: This well-established community laundry could benefit from fresh management with a focus on internet, direct mail, local print promotions, and other advertising to the nearby rental market.

Reason for Selling:

Owner is retiring.

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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