Well-established laundromat offers a prime investment opportunity
Asking Price: | $475,000 |
FF&E: | $256,000 |
Gross Revenue: | $212,000 |
Established Year: | 2023 |
Strategic Location and Growth Potential
The laundromat is situated in an improving area of town, with a large apartment complex under construction just 300 feet away. This prime location positions the business for significant growth in customer base. It’s proximity to downtown offers many commercial and residential opportunities to add business.
State-of-the-Art Equipment
The facility boasts 30 washers and 30 dryers manufactured by Electrolux, including powerful 200G washers. With five washer sizes and two dryer sizes available, this laundromat offers the strongest washing capabilities in the area.
Experienced Management and Staff
A General Manager is already in place with an employment agreement that includes a 15% vesting plan starting January 20, 2025. Two additional trained and competent employees round out the team, ensuring smooth operations.
Diverse Service Offerings
This laundromat stands out by providing a Wash/Dry/Fold service, unique in the area. It currently serves five commercial pick-up and delivery customers, with significant potential for expansion, especially given its proximity to downtown. There is a big opportunity for growth in this area.
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