Hot Listing

You can always count on Laundry

Asking Price$399,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

InventoryNot Disclosed

FF&E$198,000
Included in asking price
Save1/3
Hot Listing

You can always count on Laundry


Asking Price$399,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

InventoryNot Disclosed

FF&E$198,000
Included in asking price
Business Description
We have a laundromat in Northern California Santa Cruz County we would like to sell. We have had it for almost 5 years and it is doing well. We have received a lease extension and done a lot of work, there is growth opportunity to do more upgrades and add newer machines. We do not have the turns figured out or any of the jargon lots of laundromat owners use.

It is 1900 sq ft with large folding tables, dexter and maytag machines. We have installed tanger pay for mobile pay and we have coins. We have painted, installed a vending machine, installed cameras, and we have coded bathroom access. And we have tables and chairs. People get comfy.

We have an employee who comes every night to clean and lock up. He also comes 4 days a week during the afternoon to clean up. Our landlords are easy to work with leave us alone. We have a bookkeeper to do payroll.

Our clientele appreciates the cash option as well as mobile pay, they come from all reaches of the county for space and cleanliness. They also like to be left alone so a full time attendant may not be welcome. They have told us other laundromats are dirty, credit card only or just not taken care of.

We would like to travel and it is best if the owner lives within a hour radias or has a partner. It is partially unattended and may support an attendant but we have not gone that route.

This is not a passive income that it is promised to be by tik tokers, the laundromat needs to be touched 2-3 times a week. We are looking for a buyer that either has a laundromat now, and understands the business. We had a buyer circling but he disappeared when he found out it is not as passive as promised.
About the Business
Years in Operation
7
Employees
1 Part-time
employee cleans and closes and comes and tidies up 4 afternoons
Facilities & Assets
The store is spacious with 4 large folding tables, 14 older maytags, 9 older dexter washers, 5 new large dexter washers, and a wall of medium and large dryers roughly 2 years old. newer boiler system and water heater, auto door opener and closer, two change machines. Vending machine and soap dispenser. bathroom is coded for entry, cameras. 3 seating areas with chairs. We have a mobile pay system that is very popular. There is solar it helps a bit.
Market Outlook / Competition
We are located in a very busy shopping center, and adjacent to a very large population of renters and septic tank owners (washing machines are hard on septic systems) and we are close to camping areas, and people from all around the county have stated they come our wash. There are two laundromats close to us we have been told by customers that they are dirty or unkept (the owners do not live in town).
Opportunities for Growth
New machines could be added but what is there works and clients like the older machines.. We thought maybe of having an attendant part time would be good but the customers seem to like not being disturbed. So we are not sure it is needed. But an owner that has a bookkeeper for another business, would cut some costs. And a new owner could explore doing laundry for people fluff and fold services.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,900
Rent
$4,780.00 per month
About the Sale
Seller Motivation
we are retiring
Transition Support
We can offer 30 days of training and support.
Financing Options
no seller financing
Listing Info
ID
2514942
Listing Views
131

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Michele Replogle

Listing ID: 2514942 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.


Similar Listings