Large Modern Laundromat Newer Equipment Strong Growth Potential
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Excellent opportunity to acquire a large, modern coin laundromat in a densely populated Baltimore City market.
This approximately 5,000-square-foot laundromat was newly developed in 2019, with the owner investing approximately $1.1 million at the time in new commercial washers, dryers, equipment, improvements, and build-out.
The current owner lives approximately two hours away and, because of his age and distance from the business, has operated the laundromat on a largely absentee basis since opening. The business has depended heavily on employees rather than active owner management.
Current gross revenue has historically been approximately $35,000 per month, or approximately $420,000 annually, subject to buyer verification.
The major opportunity is for an experienced, hands-on owner to improve operations and expand the business. Management believes there is potential to substantially increase revenue through stronger day-to-day management, improved wash-and-fold service, marketing, pickup and delivery, commercial accounts, and better utilization of this large facility.
A motivated owner-operator could potentially develop this location into a significantly higher-volume laundry operation.
This approximately 5,000-square-foot laundromat was newly developed in 2019, with the owner investing approximately $1.1 million at the time in new commercial washers, dryers, equipment, improvements, and build-out.
The current owner lives approximately two hours away and, because of his age and distance from the business, has operated the laundromat on a largely absentee basis since opening. The business has depended heavily on employees rather than active owner management.
Current gross revenue has historically been approximately $35,000 per month, or approximately $420,000 annually, subject to buyer verification.
The major opportunity is for an experienced, hands-on owner to improve operations and expand the business. Management believes there is potential to substantially increase revenue through stronger day-to-day management, improved wash-and-fold service, marketing, pickup and delivery, commercial accounts, and better utilization of this large facility.
A motivated owner-operator could potentially develop this location into a significantly higher-volume laundry operation.
About the Business
- Years in Operation
- 13
- Employees
- 3 (2 Full-time, 1 Part-time)
- Opportunities for Growth
- The current owner has not actively managed or aggressively marketed the business. A new owner could focus on increasing self-service volume, rebuilding and expanding wash-and-fold service, developing commercial accounts, adding pickup and delivery, increasing local advertising, and improving overall operating efficiency.
The size of the facility and existing equipment infrastructure provide a strong foundation for future growth without the substantial expense and time required to build a comparable laundromat from the ground up.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,000
- Rent
- $11,000 per month
About the Sale
- Seller Motivation
- Too Far
- Transition Support
- 2 week
Listing Info
- ID
- 2540061
- Listing Views
Listing ID: 2540061 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.
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