Well-appointed and profitable laundromat in excellent neighborhood of Atlanta. Located in an excellent plaza with plenty of parking.

This store is currently run "TRULY" absentee with owner stopping in to check on store and help out as needed.

The store is open 105 hours a week but is only attended 35 hours a week with one person opening and closing various hours throughout the day, 7 days a week.

Last year the store was staffed about 70 hours a week, but they didn't have enough work to do. At that time, seller was doing about $500 a month in wash & fold so it wasn't worth keeping the staff on. The staff reduction put in place Jan 2025 will increase this year's profits.

Machines are approx. 8 years old, and the space is well appointed and remodeled in 2018. It's about 1450 sq ft with rent of $1820. Lease has an additional 5 years, but landlord will extend to 10 years.

18 washers and 24 dryers all approx. 8 years old and on a cashless system.
A) Washers: 10 = 20lbs, 4 = 45lbs, 2 = 62lbs & 2 = 72lbs.
B) Dryers: 2 = 67lbs, 12 = 45lbs & 10 = 30lbs.

Employee runs an independent wash & fold business out of store and uses machines at full price. This is one reason why they come in daily. They keep profit from wash & fold on top of their salary.

New owner might want to consider auto-locks doors for better control and consistent opening.

Seller is a multistore operator and has been in the business 17 years and looking to exit one store at a time. They have been at this location 8 years. They reopened it after it was closed for 2 years but a laundromat has been in this location over 20 years.

Last year's profits with lower wages were approximately $67,000. This year's profits based on lower staff hours are trending to $92,000.

Great opportunity to come in and run the business as is or make some changes and build wash & fold or Pick Up & Delivery (PUD). No capital improvements need as equipment is still young and in great shape.

List Price - $277,500 Slightly Negotiable
This store may qualify for bank financing.