Profitable Established Laundromat

Not Disclosed, MT
Gallatin County

Asking Price: Annual Revenue:
$750,000 $449,535

Services: Dry Cleaning & Laundry

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RE: Profitable Established Laundromat Broker: Patrick McGowen

Quick Facts

Asking Price: $750,000
Annual Revenue: $449,535
Net Profit: Not Disclosed
Cash Flow: $197,806
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 5
BBN Listing #: 58054955
Broker Reference #: 7604-15137

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Business Overview:

This is a cashflow machine! As an industry, laundromats can provide stable revenue streams and steady growth. This laundromat has seen over ten percent growth in revenues in 2018 and on target for similar growth in 2019. Growth is primarily due to the population growth in Bozeman Montana, the fastest growing city of its size in the nation four years running.

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Property Features and Assets:

Well maintained coin-operated machines. The sellers own the building and willing to negotiate a mutually favorable lease. Assets=$75,000.

Market Competition and Expansion:

Advertising has been less than one percent of the expenses for many years. Good signage on building and a good website is enough to bring them in. Because of high equipment costs to start a laundromat that would compete for residents in the immediate area, odds are very slim of a new competitor showing up. This laundromat has captured the market for residents in the immediate area. With only a modest amount of marketing this laundromat continues to grow revenues and profits. A new owner can enjoy this built in growth with no effort beyond maintaining the quality of service. A strategic marketing push could bring in more customers. Machines could be upgraded to allow cashless payment options. Pairing this with customer frequency cards can encourage repeat customers. Cashless payment with other improvements allow 24-hour service that is un-staffed during off-peak hours.

Reason for Selling:

Moving to be closer to family.

Additional Details:

  • The property is owned.
  • The owner is not 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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