Absentee and partially attended laundromat in dense neighborhood surrounded by 2-3 family homes and apartments.

Well appointed laundromat in great location that has been here over 15 years.

Rent is $3650 per month with 8 years left plus option to renew. Approx. 1200 sq ft.

Store is mostly unattended but part time staff covers pick-up and delivery as well as a few days a week for a few hours each day. Part-time attendant & driver work approx. 20-30 hours a week. Driver uses his own vehicle for deliveries.

Efficient labor structure supports strong margins and operational flexibility.

High volume store doing almost $315,000 in business (approx. 1/2 self serve & 1/2 Wash Fold and PUD.)

20 Washers & 20 dryers ranging from 8-25 years all in good condition and working order.

Wash & Fold and PUD priced extremely well garnering almost $2 per lb.

Fully integrated card system in place with excellent reporting - no collecting coins.

Store is run mostly unattended and has auto-lock doors and camera system.

Owner goes into store approx. 4 hours per week (billing, collecting cash) and does rest of management from home for supplies, arrange technician and texts for issues and scheduling.

This store is fully card -operated, professionally maintained, and supported by stable staffing and clean financials.

Lots of upside to a new owner: 1) Increase self serve pricing to align with current market rates, 2) expand commercial and delivery accounts and 3) extend attended and wash & fold hours. Lastly, a more hands on owner who is willing to be at store more than 4+ hours a week will have a large impact and benefit.

List Price $615,000 - FIRM
Can be financed but prefer cash offers.

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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.