HS Listing ID-72239

Absentee Established Self Service Laundromat Asset Sale, Value Add Opportunity (No SBA & No Seller Finance)

Asking Price: $170,000

Annual Figures:
Gross: $57,658

Annual Expenses:
Rent/Water: $26,400 ($2,200/Monthly)
Electric: $5,737.12

Gas: $4,228.28

Internet: $1,283.86

Repairs: $1,118.19

Business Highlights

• Fully self service, coin operated laundromat requiring no employees, creating an excellent absentee ownership opportunity

• Current owner works full time in New York City and is not involved in the day to day operation of the business

• Family member is typically on site Monday through Friday. Any wash and fold services performed are operated independently and are not included in the laundromat’s revenue, generating approximately $500 per month for the family member

• Strong value add opportunity to introduce wash and fold, pickup and delivery, dry cleaning, and commercial laundry services to significantly increase revenue

• Approximately 6 years remaining on the current lease. Landlord is open to offering a new extended lease to a qualified buyer

• Equipment includes:
– Dryers: ADC
– Washers: Speed Queen & Fagor
• 8 washers (Age unknown)
• 3 washers, 4 years old
• 2 large capacity washers, 4 years old
• 16 dryers, 4 years old

• Coin dispenser installed in 2022

• Vending machine installed approximately 2 years ago

• Fully coin operated equipment with the following pricing:

• Additional recurring ancillary income includes:
• Vending machine: approximately $100 per month
• Coin operated game: approximately $150 per month
• Candy dispenser: approximately $80 per month
• Tide detergent: approximately $70 monthly profit
• Clorox detergent: approximately $83 monthly profit
• Bounce dryer sheets: approximately $68 monthly profit
• Downy fabric softener: approximately $69 monthly profit

• Seller is pursuing other real estate ventures and no longer has the time to actively oversee the business

Growth Opportunities

• Add a full service wash and fold operation

• Launch pickup and delivery services to create recurring revenue

• Introduce dry cleaning drop off services through a third party partner

• Develop commercial laundry accounts with local businesses, salons, spas, gyms, restaurants, Airbnb hosts, and medical offices

• Increase ancillary income by expanding vending offerings and retail detergent sales

• Upgrade to a hybrid coin and card payment system to enhance customer convenience and increase revenue potential

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION