Business Summary:
Laundromat business for sale! Established for two decades, this coin laundry business boasts a significant track record since its inception in 2004 and subsequent acquisition by the current owner in 2023. The well-maintained 3,040 sq. ft. facility, situated within a retail strip center, accommodates a range of services, including washer and dryer machines, vending machines, and children's play rides. With ample parking space, the location is strategically positioned to facilitate easy access.The business caters to a predominantly Hispanic and African American customer base, primarily from local neighborhoods and apartments falling within the low to middle-income range. While few local competitors exist, the business benefits from an established customer base. Sales have demonstrated consistent performance, with marketing efforts limited to a previous flyer distribution (over a year ago) and reliant mainly on positive word of mouth.Operated by an owner absentee, the business has minimal day-to-day involvement from the owner, who handles payroll, bookkeeping, vending machine resupply, and coin collection. Opportunities for growth lie in potential equipment upgrades and the implementation of social media and online marketing strategies. Despite the absence of a current marketing plan, the business remains robust, presenting avenues for expansion and increased visibility in the market.For more info, please call Stephen Lee at 1-866-519-2421.
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