Laundromat and dry cleaner drop store in well appointed plaza that is well maintained with name brand stores and plenty of parking.

Current owner is absentee and has been there 5 years. Store has been there over 25 years. Seller is selling because he lives out of state.

One employee runs both stores. But, they only work 40 hours a week during the same hours the dry cleaning drop store is open. Drop Off Cleaning Store is open 40 hours a week and laundromat is open 105 hours. The attendant at dry cleaning store covers the laundromat too when they are there. Thus, laundromat is unattended 65 hours a week.

Landlord will do a new 10 year lease. Space is approx. 2200 sq ft. Each store has it own inside entrance.

Rent for "2 Stores in 1" is $3600 and that includes everything (Rent & CAM).

Dry cleaning is drop off so all work (cleaning & pressing) is done by 3rd party.

Gross sales of both laundromat & dry cleaners is approximately $216,000.

Laundromat has automatic door locks and lights so it opens and closes on a timer.

14 dryers and 24 washers (7 = top loaders/7 = 20lbs/6= 30lbs & 4 = 50 lbs). Avg age is approx. 20 years.

Annual Revenue Breakdown - THIS IS APPROXIMATE
1) Laundromat Coin = $54,600
2) Laundromat Wash & Fold = $8,220
3) Dry Cleaners = $60,000.

Net profit is currently at breakeven.

This store has large growth opportunity just by expanding attended hours. Keep in mind that the infrastructure alone (gas lines, electric & plumbing) would cost much more than the list price to install.

WHERE IS OPPORTUNITY?
The drop off dry cleaning business and wash & fold at the laundromat is only open 5 days a week with various hours. They are not open weekends and hours are inconsistent. Growth lies in expanding the hours at the dry cleaning drop off store which simultaneously increases attended hours at the laundromat since employee cover both. This will help increase dry cleaning business and wash & fold revenue.

List Price $79,000 FIRM.
Cash Offers Only - No Financing


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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.