Seller's Contact Information

  • RE:  Large Profitable Laundromat 8 Years Old 49W/60D
  • Contact:  Richard Kim
Listing Update!
Update: Large Profitable Laundromat 8 Years Old 49W/60D is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry.

Business Overview:

Total 4,000 Square Feet of Semi-Absentee Owner Management with 8 Years Old of 49 Washer and 60 Dryers in Very busy Strip Mall. There is great potential for growth and opportunity. All above data is reliable but accuracy and completeness of above data is subject to verification through due diligent work by buyers under their responsibility. The Broker will not represent or guarantee accuracy and completeness of all above data.

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

Listing Update!

Update: Large Profitable Laundromat 8 Years Old 49W/60D is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry. You may also be interested in signing up for Email Alerts for listings that match your search criteria.

Similar Active Listings That May Interest You:

Asking Price: $769,000

Self- and Full-Service Laundry: Out of State Owner

Williston, ND
Williams County

Strategically located in Williston, ND, which is a temporary home for over 100,000 laborers who migrate to the region for work in the agriculture, fields, and energy industries, and reside in temporary homes who need the access to do laundry. This 3,600 sq ft facility offers self-service laundry, shower facilities and drop-off services where employees will wash, dry and fold laundry for the customer. The owner lives out of state and only visits a few times a year. The business has 1 general manager along with 4-5 laundry techs. This spacious laundromat was established in 2012 and competition in the area is very low. The pay-per-load machines utilize a card service as opposed to cash and coin which is much more secure and safe, especially for the out of-state owner. Included in the purchase price is over $474,000 in hard assets. An SBA lender has pre-approved this deal structure. North Dakota is ranked 2nd, after Texas, as the highest oil producing state. Due to this fact, many oil companies will send swathes of contractors to this area and this business is noted as a preferred laundromat for their employees. Priced at $769,000, a 15% down payment of $115,350returns $108,294 in the first year after debt payments! Plus, the owner is offering a 10% promissory note and 6 months of training, as a sign of good faith. This activity has brought the business to a 41% profit margin. A new owner could boost revenue by offering starching and dry-cleaning services or by offering pick up services in the area and nearby towns.

Cash Flow $213,170
Revenue $519,267
$ Owner Financing Available

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