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Asking Price: $2,900,000

Portfolio of Three Laundromats in Philadelphia, PA

Philadelphia, PA
Philadelphia County

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!

Cash Flow $436,314
Revenue $2,482,835

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