Laundromat for Sale, Great Wash Dry Fold Location
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ESTABLISHED LAUNDROMAT WITH EXCEPTIONAL GROWTH POTENTIAL
This well-positioned laundromat in El Paso County, Colorado presents a compelling opportunity for an entrepreneur seeking to transform an existing business into a high-revenue operation. Established in 2003, this location serves a higher-income community with minimal competition and significant untapped potential.
BUSINESS OVERVIEW
Currently generating $62,717 in annual revenue under absentee ownership, this laundromat operates in an ideal market for expansion. The business includes $28,000 in fixtures, furniture, and equipment, with inventory included in the sale.
STRATEGIC ADVANTAGES
• Prime location in higher-income area with strong demographics
• No competition within 2 miles radius
• Long-term lease security through 2031
• Established customer base utilizing facility for large items
• Proven demand for laundry services in underserved market
• Two competitors over 2 miles away, creating market opportunity
SIGNIFICANT GROWTH POTENTIAL
The current owner identifies clear pathways to dramatically increase revenue to approximately $8,000 monthly through strategic improvements:
• Equipment upgrade from top-load to large chassis machines
• Implementation of wash-dry-fold services (currently unavailable in area)
• Full-time staffing to enhance customer service
• Potential conversion to drop-off only location
• Targeted advertising to capture market share
MARKET OPPORTUNITY
This location represents an exceptional opportunity in an underserved market. The community already relies on the facility for large items they cannot wash at home, indicating strong demand for expanded services. The absence of wash-dry-fold services within the competitive radius presents immediate revenue enhancement potential.
FINANCIAL DETAILS
Asking Price: $80,000
Annual Revenue: $62,717
Revenue Potential: Up to $96,000 annually with improvements
Cash sale only - no owner or SBA financing available
The seller provides one week of remote support and is selling due to other business interests. This represents an excellent value proposition for an owner-operator ready to implement strategic improvements in a protected market.
This well-positioned laundromat in El Paso County, Colorado presents a compelling opportunity for an entrepreneur seeking to transform an existing business into a high-revenue operation. Established in 2003, this location serves a higher-income community with minimal competition and significant untapped potential.
BUSINESS OVERVIEW
Currently generating $62,717 in annual revenue under absentee ownership, this laundromat operates in an ideal market for expansion. The business includes $28,000 in fixtures, furniture, and equipment, with inventory included in the sale.
STRATEGIC ADVANTAGES
• Prime location in higher-income area with strong demographics
• No competition within 2 miles radius
• Long-term lease security through 2031
• Established customer base utilizing facility for large items
• Proven demand for laundry services in underserved market
• Two competitors over 2 miles away, creating market opportunity
SIGNIFICANT GROWTH POTENTIAL
The current owner identifies clear pathways to dramatically increase revenue to approximately $8,000 monthly through strategic improvements:
• Equipment upgrade from top-load to large chassis machines
• Implementation of wash-dry-fold services (currently unavailable in area)
• Full-time staffing to enhance customer service
• Potential conversion to drop-off only location
• Targeted advertising to capture market share
MARKET OPPORTUNITY
This location represents an exceptional opportunity in an underserved market. The community already relies on the facility for large items they cannot wash at home, indicating strong demand for expanded services. The absence of wash-dry-fold services within the competitive radius presents immediate revenue enhancement potential.
FINANCIAL DETAILS
Asking Price: $80,000
Annual Revenue: $62,717
Revenue Potential: Up to $96,000 annually with improvements
Cash sale only - no owner or SBA financing available
The seller provides one week of remote support and is selling due to other business interests. This represents an excellent value proposition for an owner-operator ready to implement strategic improvements in a protected market.
About the Business
- Years in Operation
- 23
- Facilities & Assets
- This location has 16 washers and 10 dryer units consisting of singles and stacks.
- Market Outlook / Competition
- There are two other stores in the area, both are over 2 miles away. This would be a fantastic market for Wash Dry Fold, of which none of that is being done in the store.
- Opportunities for Growth
- The laundromat could do around $8000 per month but the current equipment offerings make that difficult. The community uses this store for large items that they can't wash at home. Removing the top load machines and getting large chassis equipment in there will increase revenue as well as adding wash dry fold. With full time staffing and some advertising, it could be turned into a Drop Off only location with no self serve offerings. Current lease expires 2031.
About the Sale
- Seller Motivation
- Other business interests
- Transition Support
- The owner will give 1 week of remote support.
- Financing Options
- Cash Only Sale. No Owner Financing, No SBA
Listing Info
- ID
- 2491287
- Listing Views
Listing ID: 2491287 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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