Busy North Minneapolis Laundromat for sale

North Minneapolis, MN
Hennepin County


Asking Price: Annual Revenue:
$649,000 $331,000

Services: Dry Cleaning & Laundry


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RE: Busy North Minneapolis Laundromat for sale Broker: Mac Thelen
Owner Financing is Available!
Seller will finance a portion of the sale.

Quick Facts

Asking Price: $649,000
Annual Revenue: $331,000
Net Profit: Not Disclosed
Cash Flow: $113,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 3
BBN Listing #: 826340231
Broker Reference #: 8065 mt

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Business Overview:

This listing is an established Laundromat located just North of Minneapolis. The current owner opened the Laundromat in 1997 and has increased sales by keeping a clean, well-maintained, and attended store with updated machines and a loyal customer base. A wash and fold service could be added to increase sales within the capacity of the existing infrastructure and employee structure. There are 36 washers, of which 26 are large capacity. There are also 54 Huebsch dryers, 4 50lb and 50 30lb. All equipment is meticulously maintained, as is the building.

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Property Features and Assets:

There are 36 washers, of which 26 are large capacity. There are also 54 Huebsch dryers, 4 50lb and 50 30lb. All equipment is meticulously maintained, as is the building.

Market Competition and Expansion:

A wash and fold service could be added to increase sales within the capacity of the existing infrastructure and employee structure. A new owner could also advertise.

Reason for Selling:

Retirement

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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