HS Listing ID-68758

Business Overview

Established laundromat featuring 20 washers and 25 dryers, operating with three employees in place. The current owner has operated the business for approximately 1.5 years, while the location itself has functioned as a laundromat for over 20 years under the previous owner, making it a long-standing and well-known neighborhood operation.

The owner runs the store mostly absentee, stopping in a few times per week while staff manages day-to-day operations. Over the past year, the business has shown steady month-over-month improvement as operations and staffing stabilized under current ownership. The business previously serviced commercial wash-and-fold and delivery routes across two counties, offering transferable customer relationships and a proven blueprint for growth under a semi-absentee or hands-on buyer.

The store is located in a dense residential area with consistent foot traffic.

Financial Information

Monthly Revenue
Approximately $9,000–$10,000 per month, including income from an exclusive delivery-app territory.

Expenses
Total monthly operating expenses average approximately $6,872, inclusive of rent, payroll, utilities, supplies, maintenance, and miscellaneous operating costs.

Net Income (Current – Absentee)
Approximately $1,200–$1,300 per month, reflecting recent operating performance.

Financial Trend
Net income has grown steadily compared to last year, with recent months outperforming earlier periods as machine utilization and operational consistency improved.

Semi-Absentee Upside
With tighter oversight and reactivation of prior wash-and-fold and delivery relationships, net income could improve beyond current levels.

Owner-Operator Potential
The business can be operated by an owner-operator without staff if needed, allowing for immediate payroll savings and increased monthly cash flow. Additional upside exists through hands-on involvement, expanded wash-and-fold services, and rebuilding route accounts.

Lease

Rent is $2,300 per month with approximately 5 years remaining, subject to 3% annual increases.

Equipment

Washers – 20 Total (Wascamat)
A mix of 20-lb to 75-lb units.
Age breakdown provided by seller:
• 8 washers are within 10 years
• 4 washers are 10–15 years old
• Remaining washers are 15+ years old
Several units replaced by the current owner were purchased refurbished.

Dryers – 25 Total
Combination of double-stack and single-pocket units.
All dryers are approximately 12+ years old.

All staff are willing to remain after the sale.
The business may also be self-operated by a hands-on owner if desired.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION