Primary Category:Laundromats & Coin Laundry Businesses for Sale
This presents a rare chance to own a well-established and reputable laundromat in an excellent location. Ideally situated near a bustling shopping center and major thoroughfares, this family-run enterprise has flourished for two decades, cultivating a dedicated clientele. The business boasts an array of high-quality Huebsch washers and dryers, all in superb condition for the incoming proprietor. The premises include 62 washers, 74 dryers, and other assets like a change machine, soap dispenser, security apparatus, and cash register, all encompassed in the asking price.
The property spans 7,500 square feet, featuring extensive parking and considerable room for growth. Opportunities for expansion encompass enhancing pickup and delivery services, implementing loyalty schemes, and initiating joint promotions with adjacent establishments. Future owners could also consider introducing more vending choices or amenities such as coffee, snacks, lottery tickets, an ATM, and additional sources of income. There is also scope to augment advertising efforts and online visibility to further advance the business. This is an opportunity to acquire a thriving, ready-to-operate laundromat with an outstanding reputation.
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Financial Information
$298,000
Asking Price
N/A
Cash Flow
$300,000
Gross Revenue
N/A
Down Payment
Business Location
City:
St Louis
State:Missouri
Detailed information
Year Established:2003
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:1
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
N/A
Monthly Rent:
$3,980
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 7500
FF&E Included?: Yes
FF&E Value: $300,000
Training/Support
Seller will provide transitional training and support.
While there is typical competition within the industry and market, this laundromat has been operational for 20 years, establishing it as a prominent business within the community.
Real Estate Description
The facility, spanning 7,500 square feet, is located adjacent to a bustling shopping center, ensuring high visibility. The present lease rate stands at $3,980 per month, inclusive of NNN charges. At the time of the transaction, the property owner is prepared to negotiate a new lease agreement.