Neighborhood Laundromat- Can be run attended or unattended - $79,000
Asking Price: | $79,000 |
Gross Revenue: | $12,000 |
Cash Flow: | $21,000 |
Rent: | $2,700 |
Great neighborhood location.
Located in small strip mall with great visibility and private parking lot.
Store is in great condition and well appointed.
Approximately 1000-1200 sq ft with 2700 rent. 14 years left on lease.
14 Washers - 8 washers approx. 6-10 years & 6 washers over 20 years.
20 Dryers - Less than 15 years
Coin operated.
Vibrant PUD (Pick up & Delivery) business already doing $8,000 a month in last year.
Store is currently run fully attended with 2 workers but the owner never had the time to build wash & fold revenue so there salaries are not covered by wash & fold revenue. Typically the wash & fold revenue should be 2-3 times your salaries.
This store has auto-locks and lights and would be more profitable unattended. You can run unattended to start and slowly build wash & fold and bring to attended again. Your choice. The net profit assumes the unattended model.
Lots of potential to grow self serve, drop off wash & fold, commercial and residential pickup business.
Everything is here and ready to go and in excellent condition. New owner just needs to keep growing sales and understand that these store ate NOT totally passive but semi passive at best. The more involvement, the better.
$79,000 list price - FIRM
NOTHING LESS WILL BE CONSIDERED
Cash Offers only- No Financing
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