Outstanding Coinless Laundromat in Cleveland, Ohio
Asking Price: | $850,000 |
Gross Revenue: | $342,000 |
FF&E: | $350,000 |
Cash Flow: | $240,000 |
Rent: | $3,000 |
Established Year: | 2015 |
Busy, coinless Laundromat equipped with state-of-the-art machines located in a densely populated neighborhood of Cleveland is now available for acquisition. This business has been serving the community for nine years offering both self-serve and wash-and-fold services for those who prefer dropping off their clothes and retrieving them later.
Business features 35 washers and 38 dryers that are advanced, energy-efficient machines with card readers. Customers can conveniently receive a store card which is then loaded with money to be used to operate the machines Customers can use either cash or a credit card to put funds on the card. All transactions are handled by an ATM- like machine; attendants do not handle cash.
Additionally, vending machines stocked with drinks, snacks, and laundry supplies are readily available as well as seller-owned arcade games. More variety of soaps and softeners are available from the attendant. The business is efficiently managed by four part-time attendants who ensure exceptional customer service and maintain high cleanliness standards.
The owner is involved on a part-time basis, dedicating approximately six to eight hours per week to managing financials, overseeing employees, and inspecting the facility. The facility is protected by a top of the line ADT security system. Cash represents 56% of the revenue..