Seller's Contact Information

  • RE:  Profiitable Laundromat With 18W/18D In Dense APTS.
  • Contact:  Richard Kim
Listing Update!
Update: Profiitable Laundromat With 18W/18D In Dense APTS. 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:

Long Established Profitable Laundromat With 18 Washer and 18 dryers in densely Populated Residential Area. There is 40 units apartment complex and multi-family house. There is no immediate competitor nearby. Great potential for growth by adding pick up and delivery and wash and folder services. All above data is reliable but accuracy and completeness are subject to verification through due diligence work by buyers under their responsibility. The Broker doesn't represent or guarantee the accuracy and completeness of all the above data.

Reason for Selling:

Personal

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

Listing Update!

Update: Profiitable Laundromat With 18W/18D In Dense APTS. 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: $645,000

DHS Coin Laundry

Desert Hot Springs, CA
Riverside County

This laundromat for sale in Desert Hot Springs is a full-service facility that prides itself on its cleanliness and exceptional customer service. With 39 years of establishment, it has become a trusted and reliable business in the area, attracting a large and loyal customer base. Inside the laundromat, you will find a well-organized and spotless environment. The owners have taken great care to maintain the cleanliness of the facility, ensuring that customers feel comfortable and at ease while doing their laundry. the friendly and dedicated staff is always available to assist customers and ensure a smooth and efficient laundry experience. To further enhance convenience, the laundromat has vending machines on-site that offer a variety of laundry supplies. Customers can easily access detergent, fabric softener, dryer sheets, and other essentials without having to leave the premises. The laundromat has approximately 44 dryers, 22 top loaders, and 30, 40,60 lb machines. Recently installed new tankless water heaters. (A list of all the equipment is available on request.) If you're interested in entering the laundromat business or expanding your portfolio, this opportunity in Desert Hot Springs is worth considering. With its long-standing presence, full-service offerings, cleanliness, and established customer base, it offers a solid foundation for athriving business. Don't miss out on the chance to own this successful laundromat in Desert Hot Springs.This information,while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #0136609100030824

Cash Flow $207,684
Revenue $567,104

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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