Immaculate Turn-Key Laundromat

Farmersville, CA (Tulare County)

Immaculate Turn-Key Laundromat
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Asking Price: $200,000

Cash Flow: $50,000

Gross Revenue: $98,000

EBITDA: N/A

FF&E: $120,000

Inventory: $1,000

Rent: $2,000 per Month

Established: 2003

Immaculate Turn-Key Laundromat

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Business Description

This well established, fully turn-key Laundromat opportunity is going on 15+ years of operation. This was the very first laundromat opened in the town of Farmersville. The business is ideally positioned on the main intersection in town and garners excellent traffic exposure.

The laundromat is located in a modest 3 tenant strip center and benefits from having a sizable parking lot for customer convenience. The facilities are immaculately maintained with both the interior and exterior spaces being clean and well presented. The owner has taken huge pride of ownership in keeping the premises meticulously neat to create a welcoming environment for current and potential clientele.

Currently the business is being operated 7 days a week from 7am-9pm.
It is ideally positioned for the surrounding demographics and client base. Residential housing, retail stores, schools, and restaurants are all located within a very close radius. It’s location, competitive pricing, and time in operation has lent it the ability to establish a steady flow of repeat and referral clientele over the years without any marketing dollars being spent.

The owner’s involvement is limited to only a couple hours out of the week. Current ownership duties are limited to administrative tasks such as: payroll, inventory of cash and quarters taken in from the machines, paying utility bills, etc. This is a non labor intensive business that does not require an owner’s physical presence or oversight every minute of the day. There is 1 part-time employee that has been with the company for several years. He manages all of the day to day affairs and operations of the business. These include dealing with customers, keeping the facilities clean and presentable at all times, and monitoring the machines.

Everything the business owns is included in the asking price, which consists of all the equipment and any inventory currently on the premises. The laundromat is fully outfitted with washer and dryer machines from the SpeedQueen brand. A full Equipment List will be provided upon request.
All of the equipment occupying the facility is in excellent working condition, and everything is properly maintained by the current owner. These are highly durable, commercial grade machines, so they are constructed to have a useful life of a couple decades. If properly kept up, they shouldn't have any serious maintenance or repair issues for the foreseeable future.

Revenue sources include: laundry and drying sales (which comprise the bulk of income), detergent sales, and vending machine sales. It is a simple and easy to manage business model with few moving parts. The equipment is included in the sale, and the clientele is already built in, so all of the necessary systems and operational infrastructure is already in place to make it a truly turn-key affair from top to bottom.

Revenues for the business are extremely consistent year over year, with Fall and Winter being the busiest months.
The business is presently generating an average of $9500/mo in gross revenue during the busier times of year (fall/winter), and $6500/mo during the more moderate months (spring/summer). Monthly expenditures are limited to only a small handful of expenses as this is a lean, efficiently run operation.
None of the machines currently accept credit cards or wash cards (quarters only), so it is essentially an all cash operation. All of the cash can be easily accounted for due to the simplicity of the business structure with virtually no theft, providing peace of mind for any semi-absentee operator.

The seller is highly motivated to work with a serious buyer. If you are seeking a passive business opportunity that doesn't require your constant oversight and can yield you consistent returns while having low operational maintenance, then this is potentially an ideal opportunity to meet those investment needs.

Detailed Information

Location:
Farmersville, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
9/30/2022
Employees:
1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,000 sq ft of total space. The current owner takes great pride of ownership in keeping the facilities very clean and well maintained.
Competition:
Competition is very limited in the immediate area. Currently only 1 other laundromat in the town of Farmersville.
Growth & Expansion:
Tremendous upside opportunity for an industrious new owner willing to implement some simple operational changes. Increasing the business's online presence via Facebook and Yelp, running offline marketing campaigns through direct mail flyers, and adding a Fluff & Fold service, would all aid in advancing the growth of this business and increase the ROI for a new owner.
Support & Training:
Seller is happy to make himself available for a period of time after the sale for consultation and to answer questions in order to ensure a smooth and seamless transition to the new owner.
Reason for Selling:
Other business interests
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Dehlan Group

Business Listed By:
Dehlan Group

Capital Premier Group

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