Newly remodeled South Metro Laundromat for Sale

Minneapolis, MN
Hennepin County

South Metro

Asking Price: Annual Revenue:
$839,900 $345,000

Services: Dry Cleaning & Laundry

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RE: Newly remodeled South Metro Laundromat for Sale Broker: Mac Thelen

Quick Facts

Asking Price: $839,900
Annual Revenue: $345,000
Net Profit: $139,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 5
BBN Listing #: 595640231
Broker Reference #: 8196mt

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Business Overview:

This listing is a Laundromat based South Minneapolis. The equipment is well maintained or recently updated. This Laundromat is fully attended over the weekends by 3 shifting part time employees. 2 part time employees partially tend the Laundromat during the week with cleaning and customer service being the primary duties. Automatic locks are installed for opening and closing. Some competition came into the area couple years ago and initially affected sales, but the competition has already been absorbed, and customers are coming back. There are many opportunities to grow sales including advertising 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 4,495 square foot location with a monthly base lease of $4,775. The lease is extended out to 2033, with very low increases. A full equipment list is available.

Reason for Selling:

Partnership divesting.

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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