HS Listing ID-72792
Asking: $550,000
Gross Revenue: $328,372.94
SDE: $135,218.89
• Established laundromat serving the local community for more than 30 years
• Fully staffed with 1 full time manager and 2 part time employees, providing consistent day to day coverage
• Owner involvement is limited to approximately 3 days per week, primarily handling supply purchases, bank runs, clothing pickup, and minor machine maintenance
• Brand new 10 year lease with a 5 year renewal option at $3,200 per month, already approved by the landlord for a qualified buyer
• Equipped with 40 Huebsch coin operated machines, approximately 6.5 years old, including 20 washers and 10 double stack dryers
• Equipment was in operation for approximately 6 years and stored for approximately 1 year prior to installation
• Multiple established revenue streams including self service laundry, wash and fold, soap sales, and U Haul
Revenue Breakdown
- Self Service: 67.05%
- Drop Off & Wash and Fold: 23.52%%
- Soap Sales: 6.04%%
- U Haul Commission: 3.39%%
Self Service and Drop Off/Wash and Fold together represent 90.57% of total revenue.
• Brand new sprinkler system installed above the machines
• Clean financial records available, including Profit and Loss statements and POS reporting for wash and fold and soap sales
• Financing available through a laundromat specific lender with 40% down
• No SBA financing or seller financing available
Growth Opportunities
• Further expand wash and fold services and increase commercial accounts
• Grow pickup and delivery services
• Increase soap and laundry supply sales
• Expand U Haul revenue and ancillary services
• Reduce owner involvement further by delegating supply runs, banking, and minor maintenance to existing staff
Reason for sale: Relocating out of state & Other business ventures
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
