THE LAUNDROMAT OF THE 21ST CENTURY

Confidential, WA


Asking Price: Annual Revenue:
$550,000 $300,000

Services: Dry Cleaning & Laundry


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RE: THE LAUNDROMAT OF THE 21ST CENTURY Broker: Tammie Freeman

Quick Facts

Asking Price: $550,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 233059200
Broker Reference #: SEATTWA001-N14

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Business Overview:

Since 2012 this franchise Coin Laundry has focused its business model on developing the prototypical market & store that can scale and sustain a national chain of coin only laundromats. Due to the nature of the business (cash & coin only) the laundromat business has not had a viable option to franchise as tracking revenue that ties out to royalty collection is just not an option. Until now. The franchise founder has created a way to track washer and dryer usage based on Therms (the volume of gas used to its heat equivalent of which we have a patent pending) thereby having the ability to track royalty collection based on gas usage versus gross revenue sales. We have built our model to achieve approximately a 7% royalty of washer and dryer sales. The franchisor will only collect royalties on the Washer/Dryer usage and not ancillary revenue streams to the franchisee, e.g. Wash, Dry Fold (WDF), ATM and vending machines, thereby creating a net royalty of approximately 5%-6%. The Current Laundromat Industry Primarily made up of Mom and Pop operators who are taken advantage of by the washer and dryer Distributors whose sole purpose is to sell equipment to these non-business savvy operators. The industry has no brand, no business sophistication and massive turn over from operator to operator. They sell equipment, we sell profits! The franchisor’s “Secret Sauce” As cliché as it is location, location, location is obviously number one. We have developed our own proprietary approach to discerning the best possible real estate play for our locations. It includes: Right Site (Understand Demographics and Competition in the area) + Right Size (Best size store based on Demographics and Competition) + Right Mix (Best mix of Equipment for the Site) = Maximum Profits (Keep all costs under control for maximum profits) We use Best Construction, Operational Practices & Green Initiatives in our Laundromats. WHO IS YOUR BRANDS CUSTOMERS AND HOW DO YOU GET THOSE CUSTOMERS? • Cleanliness is always #1, • Safety (women want to feel safe) • Friendly, helpful staff • Convenience (good parking, etc.) • Speed in and out. • Working equipment (this is in line with cleanliness) • Hot dryers (equipment quality) • Price is important, but is down on the list. • Keeping up the appearance of the store is critical. Touch up paint (constantly), clean bathrooms, clean ceiling fans, no dust, no clutter with little signs and other crap on the walls, plants, etc. give a professional, branded appearance. We constantly hear "This is the nicest laundromat I have ever been in." Internal Data

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Reason for Selling:

Franchise fee: First Unit $49,950.00, Second Unit $24,950.00, Third and Subsequent Units Paid in Advance $19,950.00, Two Pack: $74,900, Three Pack: $94,850

Royalty: 7% of Gross Washer and Dryer Revenue. We do not collect royalties on ATM, Vending or Wash-Dry-Fold Revenue which net Royalty will be 5.3% (Approximately). Marketing Fund: Franchisor reserves right to charge up to 1% of Gross Revenue for Regional or National AD Fund.

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 a franchise resale opportunity.

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