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30 Year Established Laundromat For Sale
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30 Year Established Laundromat For Sale
Well-established laundromat that has been operating in the same location for approximately 30 years. The current owner acquired the business about one year ago but is selling in order to free up capital to complete the build-out of a hookah lounge he is developing. The owner also operates a store in the same plaza, making this a motivated sale.
Equipment
• 20 Washers
• 20 Dryers
• Machines approximately 15 years old
Financial Overview
• Net Profit: Approximately $5,000 – $6,000 per month
• Financial Documentation: Limited financials available (water and electric bills provided)
Employees
• One full-time attendant who has been working at the laundromat for nearly 30 years
• One part-time employee earning approximately $1,200 per month
Lease
• Rent: $4,800 per month
• Lease Term Remaining: Approximately 14 years
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Equipment
• 20 Washers
• 20 Dryers
• Machines approximately 15 years old
Financial Overview
• Net Profit: Approximately $5,000 – $6,000 per month
• Financial Documentation: Limited financials available (water and electric bills provided)
Employees
• One full-time attendant who has been working at the laundromat for nearly 30 years
• One part-time employee earning approximately $1,200 per month
Lease
• Rent: $4,800 per month
• Lease Term Remaining: Approximately 14 years
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $4,800.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2482823
- Listing Views
- 77
Listing ID: 2482823 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.
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