NOT DISCLOSED, Minnesota
| Asking Price |
$299,000 |
Year Established |
1951 |
|
| Annual Revenue |
$194,278 |
Reason for Selling |
Other interests |
|
| Annual P/L |
$0 |
Attention |
Manoj Moorjani |
|
| Annual Cash Flow |
$33,867 |
Listing Number |
1019975 |
|
| # of Employees |
3 |
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
This well-kept neighborhood laundromat with dry cleaning sits on a busy corridor in a desirable, largely residential area. Located in South Minneapolis, serving the same neighborhood for over 60 years. It is turn-key, with a loyal local customer base, and is ideal for a hands-on owner-operator.
- Steady revenue of about $200K a year from self-service laundry, dry cleaning, and wash and fold.
- Owned equipment valued at approximately $300K, in a facility upgraded continually over the past 15 years: washers, HVAC, restrooms, lighting, storefront and parking lot.
- Clear room to grow: no website, card payments, commercial accounts or marketing in place today.
Asking $299,000, including all equipment. The real estate is available on a five-year lease.
Buyer qualifications: Minimum $250,000 cash down payment required. Owner-operators only.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity