Presenting a well-established beautifully remodeled turn-key coin laundry.
The newly remodeled store enjoys high earnings with new state-of-the-art equipment.
The original laundry was built in the 90s. All front-load washers and dryers accept both coin and digital.
Efficiency and utility savings are enjoyed via an electric contract, new tankless water heaters, PVC plumbing, and new machines.
Providing many customer choices, the laundry has garnered a significant customer base, both self-service and bundle service (aka “wash and fold”.)
Gross Sales Most Recent Year: 2023 $ 452,601.
The full-service portion of the gross was $110,646.
(Full service generates a higher gross profit.)
Cash Flow is Discretionary Earnings - $207,000 in 2023.
Approx. $700,000 in equipment, install and remodel in 2022. A delivery van is included in the sale. FFE is included in the sale.
(Note, if built totally from scratch, the cost to open would have been significantly higher not to mention the additional months for municipal zoning and other permits and probably a year to ramp up the business.)
This opportunity could be a win-win for a buyer who has significant capital to put down before securing a loan.
Also, just like any successful business, please understand that even though this is a coin laundry, that doesn’t mean it can be operated absentee.
The business has no Facebook, Instagram, etc. Only a .com website and Google pay-per-click, which hasn’t been consistently utilized.
The area itself is in growth mode.
The information contained in this marketing is subject to change, corrections, or withdrawal without notice.
The information provided herein has been provided by the Seller and not by the Broker.
This is not an offer to sell securities. This is not a solicitation to sell securities.
Listing Broker Firm: Erin Bonner LREB, Transaction Consultant & Business Broker
