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Well Known Neighborhood Laundromat I For Sale

Anne Arundel County, Maryland, US
Asking Price:
$95,000
Sales Revenue:
$100,000
Cash Flow:
$37,000

Great opportunity to take over an established neighborhood laundromat that's located in Anne Arundel County, Maryland. The laundromat occupies roughly 1950 square feet of space and is situated in a small retail strip center. The rent is reasonable at $2837/month (including NNN) and the lease runs through late 2022.

There are 20 Washers and 12 dryers on site. There are 4 other top load washers that are out of service and sold "as is." The equipment is top of the line Dexter brand and has been well-maintained. The laundromat is popular in the community and has a great reputation in the area which is backed up by countless positive online reviews. Don't miss this chance to buy a turn-key laundromat with a loyal customer base.

Property Information

Real Estate:

Lease

Location:

The laundromat occupies roughly 1950 square feet of space and is situated in a small retail strip center with ample parking. The rent is reasonable at $2837/month (including NNN) and the lease expires in late 2022.

Business Operation

Expansion Potential:

A new owner could expand services and hours or grow the wash 'n fold business.

Competition / Market:

There is limited competition in around the business. There is one other laundromat about a mile away, but aren't any others in the immediate area.

Reasons for selling:

Owner is retiring.

Years established:
26

Other Information

Support & training:

Seller will provide training and support to transition the business to the next owner.

Contact Horizon Business Brokers, LLC

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