WASHINGTON, District of Columbia
| Asking Price |
$941,000 |
Year Established |
2018 |
|
| Annual Revenue |
$584,122 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Walt Wiseman |
|
| Annual Cash Flow |
$280,000 |
Listing Number |
1015488 |
|
| # of Employees |
2 |
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
Well suited for an owner-operator, investor, or semi-absentee owner, the business combines stable cash flow, operational efficiency, and identifiable growth opportunities within the Washington, DC market.The facility includes a modernized commercial laundry platform featuring 22 Wascomat WLD washers and 12 Wascomat D735 dryers installed in 2019, additional washer and dryer capacity, two Electrolux Compass Pro dryers added in 2024, multiple change machines, ATM services, customer support equipment, and recently upgraded water-heating infrastructure. The business includes an estimated $326,000 FF&E package, providing immediate operating continuity with limited anticipated near-term capital expenditure requirements.Historical revenue exceeded $1.0 million annually in both 2023 and 2024, generating approximately $1.6 million and $1.1 million, respectively. More recent performance reflects the loss of certain commercial laundry accounts while continuing to generate strong cash flow. The business currently operates approximately 40 hours per week, creating potential opportunities for a future owner to increase utilization through extended operating hours, rebuild commercial account revenue, expand wash-dry-fold services, introduce pickup and delivery programs, and implement targeted customer acquisition initiatives.Additional buyer flexibility may be available through seller financing for qualified purchasers, subject to mutually agreeable terms.With an established operating history, modern equipment platform, favorable occupancy costs, and identifiable growth opportunities, this business represents an attractive acquisition opportunity within the Washington, DC market.Interested buyers are encouraged to inquire for additional information. About the BrokerRepresented by B Walt Wiseman of Transworld Business Advisors, specializing in business sales, valuation, and exit planning for privately held companies throughout the Mid-Atlantic region. Buyers seeking additional information are encouraged to contact the broker directly. All inquiries and discussions will be handled with strict confidentiality.B Walt WisemanBusiness Broker | Transworld Business Advisors
Property Features and Assets:
<p>Established commercial laundromat facility located in Washington, DC. Existing infrastructure includes commercial laundry equipment, supporting utility infrastructure, and favorable lease economics. The facility benefits from an established operating footprint and a location that would be difficult and costly to replicate in today's market.</p><p>Commercial laundry equipment package including 22 Wascomat WLD washers (2019), 8 Wascomat SU washers, 12 Wascomat D735 dryers (2019), 14 TD30x30 dryers, 2 TD45x45 dryers, and 2 Electrolux Compass Pro dryers added in 2024. Also includes a Natco water heater and hot water storage tank, both reportedly less than five years old. Significant installed infrastructure and equipment capacity support future growth.<br></p><p>Good to Excellent. Major equipment upgrades completed in 2019 with additional equipment additions in 2024. Includes newer water heating infrastructure and a substantial commercial laundry equipment platform supporting current and future operating capacity.<br></p>
Market Competition and Expansion:
<p>The business benefits from an established location, favorable lease economics, substantial equipment infrastructure, and an existing customer base. New entrants face significant costs associated with equipment, utility infrastructure, permitting, and site development, creating meaningful barriers to entry within the market.<br></p><p>Significant growth opportunities exist through restoring commercial and institutional accounts previously serviced by the business, expanding wash-dry-fold services, extending operating hours, and increasing utilization of the existing equipment base. The current operation does not fully utilize the location's existing infrastructure and equipment capacity, providing opportunity for a new owner to increase revenue through focused management and business development.<br></p>
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