Profitable Family-Owned Laundromat With Apartment Unit For Sale

Asking Price$360,000

Cash Flow
$65,600
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

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Profitable Family-Owned Laundromat With Apartment Unit For Sale


Asking Price$360,000

Cash Flow
$65,600
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
HS Listing ID-64665

Business Overview:

Family-owned since 2007

Laundromat generates approximately $50,000 annual net income 2024

All-cash business

Equipment:

14 washers: 8 double-load, 6 triple-load (brands: Maytag & Wascomat)

20 dryers (brand: Huebsch)

Machines are over 20 years old and may require updating

Building Details:

1,550 sqft property

Includes a 3-bedroom, 1.5-bathroom unit upstairs

Upstairs unit rental potential: approximately $1,300/month

Operating Details:

Operating Hours: 42

Owner operated

Monthly utility bills: $1,500

Taxes: $2,500 yr

Insurance: $2,400 yr

Zoned: CMX1 (Mixed-use commercial/residential zoning)

Potential: Opportunity to modernize equipment and potentially increase revenue. Increase profitabilitiy with increase operating hours

This listing offers a stable cash flow with added rental income potential from the upstairs unit.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Other business interests.
Transition Support
Yes.
Listing Info
ID
2420584
Listing Views
78

Contact Seller

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Business Listed by: Michael Steinberg Hedgestone Business Advisors

Listing ID: 2420584 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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