Business Summary:
Opportunity to buy a well established, 2400 sq. foot large store front laundromat that is located in an up and coming neighborhood. Block has a lot of foot traffic. True absentee landlord, 12 years left on the lease with a 3% increase every 2 years. This is a coin operated store with 89% coin revenue, 6% drop off service and 5% soap sales. Figures are accurately represented. An owner operator can easily net $100K plus.
No construction hassle. Would cost approximately $400K plus to build and open. This is a fully functioning and well run business.
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| Year
Business was Established: 1998 |
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| Number of Employees:
3PT |
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| Facilities / Terms of Lease:
12 year lease for 2400 sq. ft laundromat in great condition with 31 washers and 26 dryers, mix of Wascomats and Huebsch. |
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| Potential
Growth/Expansion:
Absentee run laundromat facility. Wash and fold business is severely under utilized. Owner/operator can net $120K + |
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| Owner
willing to train:
2 weeks training |
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| Reason for selling:
Seller looking to diversify |
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Seller Reference Number: bm646340800
BusinessMart.com Listing Number: 200485 |
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