Lower Price! St. Paul Laundromat for Sale

Saint Paul, MN
Ramsey County

East Metro

Asking Price: Annual Revenue:
$259,000 $186,000

Services: Dry Cleaning & Laundry

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RE: Lower Price! St. Paul Laundromat for Sale Broker: Mac Thelen

Quick Facts

Asking Price: $259,000
Annual Revenue: $186,000
Net Profit: $90,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 1
BBN Listing #: 597640231
Broker Reference #: 8190mt

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Business Overview:

This listing is a Laundromat based in the East Metro. The equipment varies in age. The bearings have been replaced on the older washers and the high capacity equipment is newer. An independent estimate to rebuild the location was performed and is well over the asking price. This Laundromat is being run mostly unattended, with automatic locks for opening and closing. A competitor came in across the freeway and has affected sales for 2018, but the competition has already been absorbed, and customers are coming back. There are many opportunities to grow sales including advertising, equipment upgrades, and offering other services such as wash and fold or dry-cleaning drop off.

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Property Features and Assets:

The business operates in a 3,233 square foot location with a monthly lease of $4,700, which includes Water and CAM. A full equipment list is available. The leasehold improvements are estimated to be at $292,000 plus a one- time sewer and water access fee of $73,000. Both of these expenses have already been absorbed by the previous owners.

Reason for Selling:

Moving out of state.

Additional Details:

  • The property is leased.
  • 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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