Starter Laundromat - Great Entry Price- New Haven CT $135,000

Asking Price$135,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$120,000

InventoryNot Disclosed

FF&ENot Disclosed

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Starter Laundromat - Great Entry Price- New Haven CT $135,000


Asking Price$135,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$120,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Great starter laundromat that has been in place for over 25 years.

Rent is $2,550 for for approx. 2200 sq ft. Great location in a well maintained small plaza. It is a well appointed store with ample room.

Store is currently at breakeven if you convert to the unattended model but shows a loss of approx. $2,000 month if you keep it fully attended as its operated currently from 6AM to 10PM.

Value of this store is in the infrastructure (gas, electric & plumbing) an equipment which is approx. 13 years old.

Ideal Buyer is someone who is looking to :

1) Build a Wash & Fold drop off business as well as PUD (Pick Up & Delivery) service and use current infrastructure to process.

2) Operator who has an existing Wash & Fold and/or PUD business but doesn't own their own laundromat and uses a 3rd party laundromat to process their clothing.

Note: It will be hard to increase the self serve business to due a newer facility down the road unless you compete with lower prices.

This store is not doing much Wash & Fold (approx. 400 pounds a week at $1.25) to have the current staffed hours. Seller does no marketing or advertising.

Wash & Fold would be ideal for this area but you would need to market service. Offering PUD through Door Dash & Uber through one of the POS Systems would be ideal too.

Machine prices are low and room to increase.

Great location on main road with god parking.

32 washers & 32 dryers approx. 13 years old. .

Great entry level laundromat with potential to build wash & fold revenue and Pick up & delivery (PUD).

Everything is here and in great shape, just need a new operator to come, market and drive the business sales.

$135,000 Negotiable
Cash Offers Only

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BROKER's NOTE ON ABSENTEE: This store is 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.
About the Business
Years in Operation
26
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,200
Rent
$2,550.00 per month
Listing Info
ID
2509344
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Business Listed by: John M. Bedosky JB & Associates

Listing ID: 2509344 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.