Laundromat for sale! The seller is willing to finance with $200,000 down payment with 6% interest rate! A well-established laundromat with significant growth potential is currently available for acquisition. With 10 years of operation, this business offers self-serve coin laundry, wash, and fold services, as well as a retail shop selling laundry supplies. Strategically located next to one of the busiest streets in the area, this laundromat benefits from heavy foot traffic and is surrounded by thriving businesses, apartment complexes, and single-family homes. The primary customer demographic consists of Hispanic individuals and families with low to middle income levels. While facing some competition, this business has built a loyal customer base through its competitive pricing and dependable services over the past 15 years.
This business has a glowing reputation spread primarily through word-of-mouth and positive Google reviews. However, there is immense potential for this business to benefit from additional marketing strategies. Some effective ways to promote this business could include implementing loyalty punch cards to reward repeat business, establishing an official website, and expanding its presence on various social media platforms. To maximize revenue, potential options include utilizing available space for game machines or introducing a check cashing service. The business is efficiently managed by two dedicated full-time attendants who offer exceptional customer service and maintain a high standard of cleanliness throughout the facility. The owner is involved on a part-time basis, dedicating 10-15 hours per week to tasks such as coin collection, stocking retail items, and handling repairs as needed. Overall, this well-established coin laundry presents an excellent investment opportunity with steady sales, low rent, a great location, and significant potential for future growth.
