Coin-operated Laundromat Featuring Contract Wash & Fold Services
Canton, OH
| Asking Price: | $350,000 |
| Gross Revenue: | $345,840 |
| Cash Flow: | $185,751 |
| Rent: | $2,750 |
Listing ID: 2314314Listing provided by BizBuySell
BUSINESS DESCRIPTION
This lucrative investment opportunity is priced to sell and is a well-established, outfitted laundromat in a prime location. The machines are newer, well-maintained, and in a bright and clean lease space. A Smart Card Laundry System has been installed and features a secure electronic system to eliminate coins and cash. A phone-ap security camera system has been installed and a state-of-the-art POS system is included.
The business has a loyal client base with commercial and residential wash/fold service accounts. Modern equipment ensures quality outcomes and lower overhead. The business opportunity produces consistent profits and returns on investment.
DETAILED INFORMATION
Location
Canton, OH
Inventory
Included in asking price
Real Estate
Leased
Building SF
55,207
Employees
3
Facilities
The facilities are clean and bright, have both private and client-facing restrooms, and newer machines with Smart Card technology. Camera security systems in place allow the investor to monitor operations from anywhere. An onsite, trained manager may transition with the new owner.
Competition
This area has many apartment buildings and a wide area of residential properties to build the wash and fold service.
Growth & Expansion
Off-site dry cleaning pick up/drop off center expanded.
More wash and fold commercial accounts.
Advertising.
Financing
Best as a cash sale. The business is priced to sell as in investment. Owner manages
Reason for Selling
Owner has other business interest requiring greater focus.
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