Established Laundromat Looking for New Owner

Asking Price$350,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$225,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price
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Established Laundromat Looking for New Owner


Asking Price$350,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$225,000

InventoryNot Disclosed

FF&E$350,000
Included in asking price
Business Description
This is an established and growing laundromat located in N Portland. The store renovated in modernized in 2023. 26 brand new washers were retooled including 4 pocket dryers. The store has 30 washers and 15 stack (30 pockets) dryers. Machines have card readers installed allowing for card/mobile app or traditional coin payment. About 2k square feet is the laundromat side with the other 1k SF being the folding area.
The store's main focus has been building and scaling the pick up and delivery business. Our store has a full pick up and delivery business built that accounts for a bulk of the gross revenue and continues to grow.
Due to changes in our family we are needing to let go of the laundromat but was not the intention when taking over. Our store has very good culture within our employed team as we have pride in ownership for this store. We are looking for a new operator who is looking to continue running the store this way as well as seeing the growth opportunity the store offers on the self serve side of the business
The store is in great condition since only being remodeled in 2023 but with the focus being so much on our pick up/delivery this aspect has been somewhat neglected. A great new owner/operator for this store is going to be those who can put the emphasis here and grow the self service revenue. Our marketing/online presence has had a little bit above minimal effort which attributes to low self serve revenue being generated.
Current lease is about to expire and new lease would need to be established with building owner. They are aware of the ownership changing.

*Please, please respect the business operations and staff. This transition will be handled with care in respect to our staff. We have an NDA that can be sent to look at general financials . Prospective buyers will need to remain discrete and not share or talk about any information regarding the ownership transition while visiting the store or amongst anyone who has not signed our NDA.
About the Business
Years in Operation
3
Employees
4 (1 Full-time, 3 Part-time)
One manager who works full time, 2 laundry attendants (Part time), 1 delivery dr
Facilities & Assets
Roughly 2000 square feet of Laundromat and 1,000 square feet employee/folding area. Drop off counter is located in folding area.
26 brand new washers were retooled including 4 pocket dryers. The store has 30 washers and 15 stack (30 pockets) dryers. Machines have card readers installed allowing for card/mobile app or traditional coin payment.
New Boiler installed in 2025
Delivery vehicle- Ford E250 Cargo Van, with brand new transmission and stearing column being installed September 2026
Store has security cameras installed
Market Outlook / Competition
There is a single competing laundromat within the general neighborhood.
Our location has private customer parking as well as off street parking for customers as we cater to a lot of families within the neighborhood as well as renters that live in apartments buildings within walking distance to our store.
Opportunities for Growth
Growth opportunity is going to be focusing on self serve revenue. This is going to require better online presence, adding proper branding to the inside of the store, have a better phone answering/call back system. Our onsite drop off laundry service would also be a large growth opportunity in addition to emphasizing overall self service business. We do have systems and operation in place for this service but attributes to little stores revenue.
The pick up delivery business will require management but overall is in a great growth phase.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,000
Rent
$3,500 per month
Lease Expiration
12/1/2026
About the Sale
Seller Motivation
Family Changes -Relocating
Transition Support
There will be a smooth training/transition period to ensure undisturbed business opperations.
Financing Options
Cash
Listing Info
ID
2556147
Listing Views

Listing ID: 2556147 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.