Laundromat with Drop-Off Service

Not Disclosed, ND

Asking Price: Annual Revenue:
$1,200,000 $751,194

Services: Dry Cleaning & Laundry

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RE: Laundromat with Drop-Off Service Broker: Seller of Business
Owner Financing is Available!
Purchase Price: $1,200,000 12.5% Buyer Down Payment: $150,000 12.5% Seller Financing: $150,000 75% Bank Loan: $900,000

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $751,194
Net Profit: Not Disclosed
Cash Flow: $409,079
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 6
BBN Listing #: 21934398
Broker Reference #: B2C005

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Business Overview:

This quaint laundromat is located in a small town of about 5,000 residents, but in any given time of year there are 30,000 to 40,000 contract employees in town working in the oil fields who are in need of laundry services. Incoming companies can contract with this laundromat for all their laundry needs. On top of your typical, pay-per-load service, this facility also offers a drop-off service where employees will wash and dry the laundry per the customers’ requests.

With the cost of water, it would be hard for a new laundry business to come in as approval would be unlikely. Competition in the area is very low.

The pay-per-load machines utilize a card service as opposed to cash and coin. This allows two advantages: They can adjust the price of their loads down to the half-penny if wanted and they don’t have to do in increments of quarters. They can also create custom load prices creating self-service upcharges. A load costs more for hot water over tap temperature. A dryer ran on hot costs more than a dryer ran on room temperature air. If a customer doesn’t have a credit or debit card, they can use cash to purchase a laundry card that works with the machines.

As an additional service and point of revenue, this laundromat also offers a tanning booth and showers customers can also pay for while they wait for their laundry to finish.

Current owner is offering minimal oversight and visits the facility twice a year at most.

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Reason for Selling:

Exit Strategy

Additional Details:

  • The property is owned.
  • 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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