Unattended & Absentee Laundromat

Great opportunity to get into an established store at this price with room to grow,

The store is in a plaza with excellent parking and in a good area.

The net profit is approximately $ 23,000 run unattended with 2 people on call to process some wash & fold and clean store. They are paid approx. $400 week.

Approx. 22 washers & 23 dryers from 20-75 lbs. at various ages. Avg is approx. 20-25 years.

Rent is $2500 per month and that includes CAM.

Approx. 1500 sq ft store with 10 year lease in place.

This store can be run totally unattended or you can keep part time staffing model as is and drive the wash & fold business. The wash & fold model should do well in this demographic area.

Ideally, the new owner will come in and focus on building the wash & fold and maybe some PUD. The current owner just handless as it comes in as it's basically an after thought.

$79,000 FIRM
Cash Offer 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.