Listing Number: 37645-752735
Description
Coin Operated Laundry business for sale! An established coin laundry, suitable for both novice and experienced owners, is now available for acquisition. This business was founded and located at the existing location for many years. The laundromat offers typical services, including wash and dry and drop-off wash and fold. It is conveniently located in a 3,488 sq. ft stand alone building, surrounded by numerous neighborhoods and businesses that ensure a consistent flow of customers.
The customer base primarily consists of local residences and families who have been loyal patrons of the business for many years.
Currently, the business relies solely on word of mouth for marketing purposes. However, developing an online presence coupled with an aggressive marketing campaign would greatly enhance awareness and enable opportunities to promote all of the services of this great business.
The owner currently operates the business as an absentee, primarily handling weekly coin collections and bookkeeping duties. This opportunity is ideal for a qualified buyer seeking to take ownership of a well-established coin laundry business.
Listing Details
- Price: $ 550,000
- Down Payment: $200,000
- Sellers Discretionary Earnings: $ 157,963
- Total Sales: $ 496,232
- Location: King County, Washington
- Inventory: $ 0
- FF&E: $ 0
- Employees: 3
- Reason for Selling: Next Chapter
- Category: Cleaning/Clothing
