Gorgeous Turnkey Laundromat with Parking

Not Disclosed, PA


Asking Price: Annual Revenue:
$599,999 $475,095

Services: Dry Cleaning & Laundry


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RE: Gorgeous Turnkey Laundromat with Parking Broker: Lou Pongia

Quick Facts

Asking Price: $599,999
Annual Revenue: $475,095
Net Profit: Not Disclosed
Cash Flow: $127,987
Total Debt: Not Disclosed
FF&E: $469,675
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 560055492
Broker Reference #: 45783-199624

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Business Overview:

This is an excellent opportunity for an entrepreneur to own a newly renovated laundromat in a highly populated area. This laundromat comes with an array of high quality washers and dryers that are only five years old. The business is operationally turnkey with a strong customer base, high revenues and opportunities for growth.
This Laundry's location has had a 20 year history of housing a laundromat. The previous owner mismanaged the business, did not maintain or upgrade the equipment or the store so the business had lost most of its customer base. The current owner took over five years ago and completely renovated the store and replaced all of the washers and dryers with high quality, high efficiency equipment. The business has seen steady growth rates of 26% in 2018, 5% 2019 and projected 15% growth in 2020 (during the pandemic).

This laundromat is part of the laundry industry's shift from coin operated to laundry card operated methods. Instead of loading a multitude of quarters in the washers and dryers, simply load money onto your card with cash or debit and swipe away. The washer/dryer technology is so advanced that when the cloths come out of the washers they are not soaking wet thereby requiring less dry time (dryers are included with the price of a wash).

This laundromat has a reputation of being very clean, bright and has a friendly staff. The laundromat has been featured in industry magazines as well as local papers and magazines.

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.

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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