High Volume, Profitable Laundromat in San Francisco - SALE PENDING

San Francisco, CA

Seller Financing Available

listing image
Asking Price:$331,000
Gross Revenue:$240,000
Cash Flow:$80,000
EBITDA:$80,000
BUSINESS DESCRIPTION

Thank you everyone for your interest, but we have accepted an offer at this time. If the offer falls through, I will update our listing accordingly and reach out to everyone who has submitted an intake form. Best of luck with your search!

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Outstanding opportunity to own a clean, safe, and high performing laundromat in a desirable San Francisco neighborhood! Loyal customer base, strong online presence and brand, widely loved by the neighborhood.

This gem of a laundromat is a fantastic starter business or semi-passive investment for the right buyer. Easy to understand business model. Recession resistant and resilient - regardless of what’s going on in the economy, customers will always need to wash their clothes.

Machines maintained by local affordable maintenance technician - no handyman skills needed to be a thriving owner of this business, but a motivated buyer could easily improve profits by learning how and doing maintenance themself.

This laundromat isn’t just self serve - it has a thriving wash and fold business, including a mix of commercial and retail clients. New customers currently come in through word of mouth and excellent online reviews - no paid advertising. The laundromat is not operating at full capacity - there are times of day when there are open machines, creating a huge opportunity for the new owner to expand the wash & fold service.

The laundromat is operated primarily by 2 hard working and enthusiastic employees. Current owners work 5-10 hours/wk.

Door unlocks automatically in the morning, employee closes up at night.

Laundromat is being sold transparently (asking price) at a fairly priced market rate of 4.2x multiple of 80k SDE, for $331,000.

Cash offers only - prospective buyer must show proof of funds before signing NDA.


DETAILED INFORMATION
Location
San Francisco, CA
Inventory
Not Included in asking price
Real Estate
Leased
Lease Expiration
31/12/2029
Employees
2
Competition
This laundromat is the HIGHEST rated laundromat in the neighborhood and has strongest brand recognition online.
Growth & Expansion
Business is poised for exceptional growth for a motivated operator. -No paid advertising currently being done - an operator who understands marketing and advertising could drive growth -The laundromat is not operating at full capacity - there are times of day when there are open machines, creating a huge opportunity for the new owner to expand the wash & fold service. -Opportunity to build out in-house delivery system, allowing expansion into the commercial laundry space. -Opportunity to add often requested services - alterations & pressing.
Financing
for the right operator, open to a level of seller financing.
Support & Training
Sellers have taken great pride in improving the business and want to continue its legacy for the right operator - willing to provide 2 weeks of in-person support and on going mentorship as needed to ensure smooth transition.
Reason for Selling
Travel, other investments
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