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Portfolio Of Three Laundromats In Philadelphia, PA
PHILADELPHIA, PA
PHILADELPHIA County
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| Asking Price: | Annual Revenue: |
| $2,900,000 | $2,482,835 |
Services: Dry Cleaning & Laundry
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RE: Portfolio Of Three Laundromats In Philadelphia, PA
Contact: Alan Horn
Quick Facts
| Asking Price: | $2,900,000 | |
| Annual Revenue: | $2,482,835 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $436,314 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 44332377 | |
| Broker Reference #: | HZ497AH |
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Business Overview:
Unique opportunity to own three 7,000 square feet laundromats in Philadelphia, Pennsylvania. The businesses have been successful as a result of cutting edge management practices, a focus on the customer, and a full immersion into community engagement. This trio of state-of-the-art laundry centers was created with the goal of delivering a high level of customer experience. This includes a dedicated staff, large machines with fast wash/dry cycles that allows for more business while also reducing maintenance and utility costs.
The laundromats are clean, bright, modern, and are in ideal locations throughout the city for this type of business. The concept is highly-rated among customers and each location features modern amenities like WiFi, TVs, vending/snack machines — all of which were implemented to improve the customer experience. Each location also offers an a la carte menu of laundry services like wash/dry/fold and dry cleaning with convenient turn-around times and competitive rates. Please note, the revenue and cash flow claims made are based on 2021s financial performance. The 3 year average (2019-2021) revenue for the three laundromats was $2,835,485 with the same 3 year average cash flow being $760,078. In 2019 and years prior to COVID the 3 laundromats were generating just over $3mil in revenue and cash flow between $900k-$1mil. We have financials back to 2018 to show the strength of the business and available for review to qualified buyers. Please contact us today to learn more about this opportunity!
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Property Features and Assets:
Each laundromat averages 7,000 square feet and are ideally situated in prominent locations throughout the city. Please inquire for exact locations, precise rent details, lease terms, and available options.
Market Competition and Expansion:
Competition: There is standard competition for the industry and market, but these laundromats have a number of built-in advantages over a majority of other nearby laundromats. Growth & Expansion: The owner spared no expense in the build out, so the portfolio of laundromats is set up for the next owner to continue growing and expanding the business.
Reason for Selling:
Owner wants to pursue other business interests.
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:
- View more Pennsylvania businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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