Great opportunity to own 3 laundromats in the same vicinity (about 15 minutes away from each other) in free standing buildings. Real Estate for all 3 can be purchased separately for approx. $600,000.Two of the stores have appraisals with property valued over $500,000 each.

The 3 stores are fully unattended with one worker rotating and cleaning all 3 stores and doing light maintenance.

Combined revenue is approx. $345,000 and net profit is approx. $190,000 when you add in rent payments that the current owner as landlord does not pay.

All stores have auto locks and lights and unattended.

Anticipated rent built into the P&L is $1500 per each location plus Insurance, Real Estate Taxes and Maintenance which is in the P&L. Right now insurance for all 3 is $8300 and $6373 in taxes or about $1222 per month plus CAM. Again, these numbers are already reflected in P&L and net profit.

None of the stores do wash & fold.

1) Store #1 has 21 washers & 30 dryers.1976 sq ft. Change machine, dedicated room for wash & fold and new folding tables. Machines look to be about 15 years old but the buyer should check this out.

2) Store # 2 has 10 washers & 14 dryers. 2400 sq ft. Snack Machine & New Change machine. Also has dedicated room for wash & fold. New carts, seating and folding tables. Machines look to be about 15 years old but the buyer should check this out.

3) Store # 3 has 21 washers & 22 dryers. 1620 sq ft. Snack vending and change machine. New seating and folding tables. Machines look to be about 20 years old but the buyer should check this out.

This is a great opportunity to enter the laundromat industry as a multistore operator with 3 desirable "unattended" stores kicking off almost $200,000 in net profit. PLUS, you have the option of buying the real estate.

List price is $425,000 (3 Businesses - No Real Estate)
No seller or bank or SBA financing.
Cash offers or home equity loans only.

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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.