Many Laundromats have good profits but need new equipment which is expensive. This store has has a lot of new equipment (about 75%) but is lacking the profits. This store needs someone to build the sales especially Wash & Fold as well PUD (Pick Up & Delivery). Once you build the sales higher, you wont have many major capital improvements for a while.

Well appointed store in well maintained plaza with plenty of parking.

Store has been here over 20 years and current owner has had it for 6 years.

Lease has about 10 years left. Approx 1000 sq ft for $3019 per month.

He hasn't had the time to build the Wash & Fold and Pick Up & Delivery business. This is key for next owner.

Owner has substantially more than the $150,000 list price invested in the store.

Store is run both attended and unattended. It does have auto lock doors.

2 workers cover most of the hours and the owner and his wife come in abut 10 hours each to run store and do some pick up & deliveries.

The broker has ideas to help buyer grow wash & fold business and PUD business. We will discuss with potential buyers.

21 Washers of which 5 Dexters are 2 years old. The other 16 washers are approx. 15 years on avg.

20 Dryers - Dexter 2-3 years old.

A store like this with infrastructure (plumbing, heating, gas, sewer) and new equipment would be substantially more than $150,000 to build.

Store is at a breakeven so any increase in sales will have a large impact on profits.

List Price = $150,000 FIRM
CASH offers Only.
No Seller, SBA or bank financing.