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3 Tahoe Area Laundromats for Sale
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3 Tahoe area Laundromats with one brand and a lot of wash and fold
3 Tahoe Area laundromats in South Lake Tahoe, Ca, Carnelian Bay, Ca, and Truckee, Ca. under one brand. Extensive wash and fold for customers. Newer machines and remodels. Ample parking. Long-term Leases. Absentee owner. Employees run the business, and owners need very little time to manage. Steady growth year over year. Prefer to sell all three laundries together as listed, versus one-off sales. Only serious and qualified buyers, please reach out. The business is building out its home services side of the business to become a one-stop shop for short-term rentals in the Tahoe Region. We are asking a 9x multiplier because of the delivery software and infrastructure, brand name across the region, steady growth, management structure, and all the other parts that bring up laundry multipliers. This is not a 3x or 4x laundry, or even a 5x or 6x laundry. It is a 9x laundry.
About the Business
- Years in Operation
- 18
- Employees
- 10 (7 Full-time, 3 Part-time)
- Facilities & Assets
- Three different laundromat locations. Two at about 1500 sqft and one at about 2500 sqft. There are about 78 washers between the three stores and ample dryers at each location. Each location has various-sized machines. Each location has its own wash and fold customers. Newer remodels and machines at stores. Newer water heaters and furnaces at each store. 4 vehicles for delivery service are included in the sale of the business. Ample parking at all locations. Long-term leases, steady growth, delivery software & infrastructure, selling on a 9x multiplier
- Website
- https://www.mountainfreshlaundry.com/
- Market Outlook / Competition
- We are the leader in wash and fold service in the Tahoe Basin and Truckee area. We have a large capacity that can handle any size laundry customer. There are other laundromats near our location, but our laundromat has newer equipment and is always clean, with 12-hour staffing available daily. Our laundries are designed with areas to handle large amounts of wash and fold orders.
- Opportunities for Growth
- There is continued growth available through the acquisition of new wash-and-fold customers. Advertising and building local relationships with businesses is the path to continue to add more accounts.
From the 2024 tax return.
Estimated SBA Underwriting Cash Flow
Item Amount
Ordinary Business Income $358,522
Add Depreciation +$9,758
Add Amortization +$27,971
Add Section 179 +$358,522
Normalized Cash Flow $754,773
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,500
About the Sale
- Seller Motivation
- I have had several inquires about selling, so I thought I would list it as my ki
- Transition Support
- Accepting offers in the 7x-8x net annual multiplier for a solid business model heavy in equipment assets and a regional name brand with remote management capabilities. I can offer as much support and training to the new owner as they would like to have.
- Financing Options
- Seller financing up to 10%
Listing Info
- ID
- 2452180
- Listing Views
- 4830
Attached DocumentsAttachment Disclaimer
Listing ID: 2452180 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleCalifornia Businesses for SaleCalifornia Personal Product & Service Businesses for SaleCalifornia Coin Laundry & Laundromat Businesses for Sale
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