Profitable Coin Operated Laundromat in Prime High-Density Location,

Hyattsville, MD
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Asking Price:$1,750,000
EBITDA:$420,000
Gross Revenue:$1,200,000
Established Year:2000
BUSINESS DESCRIPTION

Situated in one of Maryland's most densely populated areas, this exceptional coin-operated laundromat presents a unique and rare investment opportunity. Boasting a spacious interior of approximately 6,000 square feet, the property benefits from its prime location, drawing in significant foot traffic and offering high visibility.
Prime Location:
The laundromat is strategically positioned within a neighborhood characterized by a population density of over 22,000 people per square mile. This ensures a consistent and high demand for laundry services, making it a reliable income source.
Stable Revenue Streams:
This investment is further strengthened by the presence of four sub-tenants whose rents contribute to covering one third of the occupancy costs. This diversified income approach enhances the stability of the investment and mitigates risk.
Investment Highlights:
Exceptional location in the most densely populated area in Maryland
Revenue stability through diversified income streams
Annual Revenue: $1,200,000 (Based on historical data)
Net Operating Income: $420,000 (After accounting for expenses)
Sub-Tenants Contribution: Covers one third of the occupancy costs
Don't Miss Out:
Seize this rare opportunity to invest in a well-established coin-operated laundromat located in the heart of a thriving Maryland community. With a solid history of income generation, prime location, and stable sub-tenant contributions, this investment offers both immediate and long-term potential.


DETAILED INFORMATION
Location
Hyattsville, MD
Inventory
Not Included in asking price
Employees
3
Facilities
Business comes with 145 machines (73 Washers + 72 Dryers). Lease has 15+ years remaing on the initial term.
Competition
Fronting one of Maryland's most traveled roadways in one of Maryland's densist neighborhoods, this Laundry is uniquely situated in the area.
Growth & Expansion
Great potential for growth with with some updating.
Financing
Seller will NOT do Seller financing.
Support & Training
Seller will provide 2 weeks support and training
Reason for Selling
Seller is pursuing other opportunities
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Matthew
Gorman
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Matthew Gorman