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Asking Price$149,900
Revenue$88,803 Established2015
Cash FlowUndisclosed Employees0 full, 3 part
FF&E$114,619 FranchiseNo
Inventory$800 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This business was created in 2015 by the current owner. It operates as an LLC with the seller as the sole member. The laundromat is located in a 2800 square foot space in a vibrant strip mall on a main city street.
There is consistent demand for the retail laundry service in the community which includes dry clean drop off/pick up, wash and fold services, as well as "coin-op" washer/dryer facilities. Most of the business is retail individual customer usage, although there are a couple of institutional customers for wash and fold service as well.
This laundromat relies on a local customer base for the majority of its retail washer/dryer business; however, there is a "tourist" component which also supplements local business. When the tourists are in the area (June through October and December through March, roughly), the laundromat is busier with the variable of rental guests, hikers, and campground guests using the washer/dryer facilities.
Competition:The laundromat is the only facility of its kind in the area and one of only two facilities in a 10 mile radius.
Growth Potential:This business’ growth potential is unlimited with a hands on, on-site, owner operator who is invested in the business, the customers, and the community. The profitability of the business can also be positively impacted by an owner-operator absorbing much of the payroll that exists now which is necessary because of an absentee owner. Positive revenue results could also be immediately realized with increased institutional and commercial wash and fold accounts and more aggressive awareness marketing of all services available at the Laundromat, to both commercial/institutional entities and local residents. Greater promotion and advertising of the retail washer/dryer aspect of the business is also critical in increasing potential revenues with little impact on relative expenses. Lastly, a social media/on-line presence is currently non-existent so by creating a website, a Facebook page, and other social media activity will immediately and positively impact business growth.
Training/Support:The seller is willing to train for two weeks at not charge.
Seller Financing:Seller financing may be available to qualified buyers.
Sale Reason:Seller is dealing with health issues.
Ad #100091
Seller Reference #NEWHAMP001-N14
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Contact This Seller
Jay Polimeno
603-745-9290
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