Profitable laundromat with value add potential
| Asking Price: | $125,000 |
| Rent: | $4,000/Month |
| Established Year: | 1984 |
| Gross Revenue: | $110,000 |
| FF&E: | $115,000 |
Great passive income opportunity!
It has a great location in a strip mall with ample parking in front and additional parking in the back. The business is armed with a locking solution, which opens the doors at 5 AM and locks them at 11 PM, daily. There are eight 24/7 POE cameras with remote access, which allow the owner to view the business at any time (capable of an additional 8 cameras). The customer sitting area is equipped with a smart TV for entertainment. There is a brand-new American Changer high-capacity changer with MEI validators onsite. There are multiple folding tables and carts to accommodate the customers. Currently, there is an attendant onsite for an average of 10 hours a week to do cleaning and trash.
The equipment mix includes:
5 Brand new Dexter T-300 washers (20 lbs.) w/ warranty
4 Wascomat washers (30 lbs.)
4 Wascomat washers (50 lbs.)
6 HUBSCH top loaders (20 lbs.)
2 IPSO (30 lbs.)
2 IPS) (25 lbs.)
1 Speed Queen (30 lbs.)
1 HUBSCH (30 lbs.)
7 Double Stack Factory Refurbished and Certified Dexter dryers (30 lbs.) w/warranty
25 Speed queen single dryers (30 lbs.)
There are 13 open spots for additional washing machines.
The soap vending machine and snack vending machine are included in the sale. There is a soda machine onsite that is owned by the vending company but managed by the laundromat owner (no payments needed to vendor). There are two arcade machines owned by another company that pay 30% of monthly revenue to the laundromat owner.
Recently launched a drop-off service and have repeat customers.
Profit and Loss for Q2 and Q3 of 2024 is attached.
Additional financials ONLY for serious investors with LETTER OF INTENT. Please forward to CS.GPINC@GMAIL.COM
BUSINESS LOCATION
