Listing ID: 72239

Business Overview

Asking Price: $125,000

Annual Figures:
Gross: $57,658

Annual Expenses:
Rent/Water: $26,400 ($2,200/Monthly)
Electric: $5,737.12

Gas: $4,228.28

Internet: $1,283.86

Repairs: $1,118.19

Business Highlights

• Fully self service, coin operated laundromat requiring no employees, creating an excellent absentee ownership opportunity

• Current owner works full time in New York City and is not involved in the day to day operation of the business

• Family member is typically on site Monday through Friday. Any wash and fold services performed are operated independently and are not included in the laundromat’s revenue, generating approximately $500 per month for the family member

• Strong value add opportunity to introduce wash and fold, pickup and delivery, dry cleaning, and commercial laundry services to significantly increase revenue

• Approximately 6 years remaining on the current lease. Landlord is open to offering a new extended lease to a qualified buyer

• Equipment includes:
– Dryers: ADC
– Washers: Speed Queen & Fagor
• 8 washers (Age unknown)
• 3 washers, 4 years old
• 2 large capacity washers, 4 years old
• 16 dryers, 4 years old

• Coin dispenser installed in 2022

• Vending machine installed approximately 2 years ago

• Fully coin operated equipment with the following pricing:

• Additional recurring ancillary income includes:
• Vending machine: approximately $100 per month
• Coin operated game: approximately $150 per month
• Candy dispenser: approximately $80 per month
• Tide detergent: approximately $70 monthly profit
• Clorox detergent: approximately $83 monthly profit
• Bounce dryer sheets: approximately $68 monthly profit
• Downy fabric softener: approximately $69 monthly profit

• Seller is pursuing other real estate ventures and no longer has the time to actively oversee the business

Growth Opportunities

• Add a full service wash and fold operation

• Launch pickup and delivery services to create recurring revenue

• Introduce dry cleaning drop off services through a third party partner

• Develop commercial laundry accounts with local businesses, salons, spas, gyms, restaurants, Airbnb hosts, and medical offices

• Increase ancillary income by expanding vending offerings and retail detergent sales

• Upgrade to a hybrid coin and card payment system to enhance customer convenience and increase revenue potential

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $125,000
  • Cash Flow: N/A
  • Gross Revenue: $57,658
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other business interests.