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Asking Price$175,000
Revenue$219,500 Established2012
Cash Flow$58,400 Employees2 part-time
FF&E$517,800 FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 34771

Located in an ideal neighborhood for a laundromat, this one was completely refurbished in 2021. You will find 18 like-new Ipso washers and 14 Speed Queen double-stacked dryers comfortably spaced out over 875 square feet. If you intend to be an owner/operator, the seller represents that you will most likely start off grossing $219,500 and netting $58,400, annually. Roughly, 57% of gross sales derive from wash & fold, 36% from coin-operated self-service, 6% from soap sales, and just 1% from dry cleaning. These numbers should improve as the lingering effects of the pandemic on the laundromat business subside. Your presence there, along with two part-time attendants, should also make a big difference in customer service and sales. Additionally, that this laundromat re-opened less than a year ago, implies that growth lies ahead, as it continues to ramp up. The owner is willing to consider selling this laundromat and listing 34772 as a package deal. He has kept excellent records that should check out, once you are in the due diligence phase. Please email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment to speak with the seller. If you are new to Vested, kindly become a free registered buyer under listing 34771 at www.vestedbb.com. In order to obtain the name & address of the business right away, please upgrade to premium membership. Do not say anything to the employees and customers about the business being for sale, as they are as yet unaware.

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Training/Support:Seller will train
Seller Financing:175,000.00 Down & The seller may consider offering some financing to highly qualified buyers, but pr
Sale Reason:The seller has other business interests he must attend to.
Ad #138062
Seller Reference #34771
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