Well Appointed Laundromat that is run mostly unattended with the exception of part-time attendant working 7-10 hours per week depending on wash & fold orders to process.

Located in well appointed plaza with plenty of parking and excellent mix of stores with excellent vehicle and foot traffic.

Coin Operated store.

Seller purchased a little over a year ago but with their full-time jobs and husband nearing retirement, they are planning/considering moving. They haven't had the time to build the wash & fold business, which is the key to the store's success.

THE OPPORTUNITY: They currently run the business absentee and unattended with a part-time worker coming in 7-10 hour a week. Drop off hours are only 9-12 Mon to Friday, and normally a call is needed for someone to be there. You cannot run a vibrant wash & fold business with scattered hours just 9-12 and by phone appointment and not on weekends. You need steady consistent hours throughout 7 days a week as people want/need to drop off and pick up from the staff when it's convenient to them, not you.

They currently do about $675 in wash & fold monthly with a commercial account giving them and additional $775 monthly for a total of $1450 monthly with just 7-10 hours a week of attendant hours. This is the KEY.

Wash & fold garners $1.50 lb. from drop off and they do a handful of PUD's (Pick Up & Delivery) for $2 lb. a month. Very few PUD and its about 5 pickups.  The pickups are handled by the worker. She is willing to take on more hours and is an excellent worker who cleans daily and has been there for over 2 years.

Auto locks open at 5AM and close at 11PM with an excellent camera system that can be viewed from your phone.

Lease has approx. 9 years left and the store is approx. 1500-1700 sq ft. Excellent gross rent =$1,160 with no CAM or NNN.

20 Washers
   A) 5 washers are approx. 3 years old  (one = 80lb, two = 60ln & 2 = 40lb).
    B) 15 washers are approx. 20 years sold.

20 dryers are approx. 15-20 years old.

Note: Vending machines and some tools are not included in price and can be purchased separately. Arcade games are not included and cannot be purchased separately.

Great opportunity to build on an existing wash & fold business that does not have the necessary hours to grow,

List Price = $147,000 Firm
Cash Sales Only
No Seller, SBA or Bank Loans
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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.