Cash-Cow Laundromat in Palm Beach

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$199,000 $130,100

Services: Cleaning

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RE: Cash-Cow Laundromat in Palm Beach Broker: Anton Joro

Quick Facts

Asking Price: $199,000
Annual Revenue: $130,100
Net Profit: Not Disclosed
Cash Flow: $51,847
Total Debt: Not Disclosed
FF&E: $76,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 3
BBN Listing #: 26644955
Broker Reference #: 1043-15609

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Business Overview:

Location-location! This cash-cow laundromat was established 40 years ago and has been very profitable ever since. They offer garment cleaning services for large quilts & comforters, ironing service and expert wash/dry/fold service. They also offer laundromat services with bilingual attendants present at all times, overseeing multi-capacity washers and dryers. Last but not least, they offer retail services for soaps, fabric softeners, bleach, laundry bags, snacks & drinks.

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Property Features and Assets:

Situated in a busy plaza - this laundromat is close to the I-95. It is the go-to-laundromat for the whole neighborhood. The facility is well maintained and has been painted recently. Assets= $76,500

Market Competition and Expansion:

Each laundromat is a neighborhood gathering place. This laundromat is definitely the place to go and gather as it offers multiple services, including but not limited to expert wash/dry/fold/drop off services, excellent laundromat services, etc. Great potential for growth by utilizing social media and USPS's EDDM (Every Day Direct Mail) program to increase the already huge following.

Reason for Selling:

The seller runs this laundromat absentee.

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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