Laundromat (Multiple Seattle Metro Locations)

Seattle, WA
King County


Asking Price: Annual Revenue:
$1,695,000 $1,100,000

Services: Dry Cleaning & Laundry


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RE: Laundromat (Multiple Seattle Metro Locations) Broker: Seth Rudin
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $1,695,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $470,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 772235781
Broker Reference #: CLS2021

Email or Print Listing

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Business Overview:

Unique opportunity to own a multiple location, strong positive cash flow coin operated laundromats in the Seattle metropolitan area. The future buyer will have a low touch business and can be as hands on or as hands off as desired (15-40 hours per week). Each location is equipped with commercial washer and dryers, change machines, soap dispensers, and a mobile app is available to process electronic payments. Wash and fold services along with outsourced dry-cleaning services are available to supplement the primary revenue stream.

At a consolidated level, the business has demonstrated consistent annual growth in sales outside of 2020 (COVID-19 Pandemic). 2018 revenues of $1,075,912 grew 8% from 2017 and 2019 revenues of $1,131,451 grew 5% from 2018. 2020 revenues of $919,475 naturally declined with the mandatory shutdowns and reduced vocation at the office, in the hospitality industry, and jobs requiring uniforms with an 18.7% year over year decline. The business is recovering in 2021 with projected annual revenues exceeding $1 million. January to June 2021 sales were $514,271. The operation nets on average 40+% in adjusted cash flow. This consistent, well performing business operates with limited marketing generating most business from walk-ups, referrals, and Google reviews (4+ stars). A more pro-active business owner can grow the performance of the business with enhanced marketing efforts.

The owner fulfills the roles of operations manager with the support of a bookkeeper.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

Relevant Links:

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