HS Listing ID-73270
Established 20 Year Laundromat With Exceptional Long-Term Lease (No SBA)
Projected Gross Revenue: $116,324.40
Projected Net Income: $50,120.40
Expenses:
Rent: $33,000.00
Water: $18,984.00
Gas: $7,200.00
Electric: $3,600.00
Maintenance & Repairs: $1,800.00
Supplies: $600.00
Phone & Internet: $1,020.00
Business Highlights
• Established self service laundromat serving the area for approximately 20 years
Recent renovations cost upwards of $15,000
• Unattended operation, providing an attractive opportunity for an absentee owner or experienced multi store operator
• Exceptional long term lease with approximately 24+ years of potential occupancy remaining, including renewal options
• Current lease consists of a 15 year initial term plus two additional 5 year options
• Favorable rental rate of approximately $18 per square foot
• Located in a dense renter market with approximately 10,000 residents within one mile and approximately 60% renter occupancy.
• Recent renovations include new porcelain tile, repaired walls, fresh paint, and general cosmetic improvements
• Existing equipment includes 22 washers approximately 23 years old and 22 dryers approximately 19 years old, creating a significant modernization opportunity
• Existing utility history and operating information available to qualified buyers for due diligence
Growth Opportunities
• Replace existing machines with newer, higher efficiency commercial laundry equipment
• Introduce a modern card, mobile payment, or hybrid payment system
• Previous ownership generated additional revenue through convenience items, snacks, ice cream, and other retail sales, providing an opportunity to reintroduce ancillary income streams
– Adding In house Wash & Fold, Pickup & Delivery, Commercial Accounts
• Reintroduce wash and fold and pursue additional commercial laundry accounts
• Increase local marketing and customer acquisition efforts
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
