Prime Laundromat Location • Water Included in Rent!
Asking Price: | $229,000 |
Gross Revenue: | $100,000 |
Cash Flow: | $60,000 |
Rent: | $2,600/Month |
Owner absentee laundromat with upward sales trend. Current owner has done amazing work in growing the business and setting up the laundromat for a hands off owner. Machines/assets average in age from new to approx. 12 years old in excellent working condition. Owner has made many improvements and upgrades to the store including: New 80lbs Touch Screen Washers, New Bill Changer, New Commercial Water Heater and Water Pump, Automatic Door Locks, Interior and Exterior Signage, Construction of Attendant Area/Office, New Surveillance System, POS System and more! Laundromat was purchased as a long term investment, however, must sell as seller is upgrading to a larger facility. 1 attendant runs the day to day operation of the business with seller spending minimal time at the laundromat once or twice a week. Store runs attended and unattended as self-service. Sales have continuously been increasing under the current ownership. Store has tremendous growth opportunity, especially for a hands own owner operator. The laundromat is well known in the community, excellent customer reviews, and large demand for wash and fold and pick-up and delivery service. The Laundromat is 1500 sq ft with rent of $2,600 per month which includes up to $800 credit towards the water bill each month.
Contact the agent for additional information.
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