Joel's Coin Laundry is an owner-operator opportunity in Oakland Park, Florida. Operating since 2016, this 1,200 sq ft laundromat serves an established base of local repeat customers with an essential, needs-based service.

Business Overview:
• 56 machines, including large-capacity 50–60 lb washers and 50 lb dryers
• Wash-and-fold service
• Mobile payment and coin operation
• Two part-time employees

Financial Performance (2024 tax return; 2025 available upon request):
• Gross Revenue: $196,584 (up 57% from $124,965 in 2022)
• Cash Flow (SDE): $39,642
• EBITDA: $25,914
• Equipment value: $168,000

Location & Lease:
• Oakland Park, Broward County
• Current rent $1,700/month; current lease expires December 31, 2026
• 10-year lease renewal in progress; landlord has requested $2,100/month for the renewal
• Landlord plans upgrades starting in 2027 (new doors, facade, parking lot)

Growth Potential:
The business currently relies on two part-time workers. A hands-on owner-operator who takes on some daily duties could reduce payroll costs; actual results depend on the buyer's involvement.

Training & Support:
One week of training in wash-and-fold operations and equipment maintenance, a six-month warranty on machine bearings and a 30-day warranty on electrical parts.

Asking Price: $250,000 | Reason for Sale: Owner relocating and retiring | Financing: Buyer arranges own financing