Absentee Run Turn-Key Laundromat
This well established, fully turn-key Laundromat is going on 20+ years of operation. It is fully absentee run and an ideal opportunity for anyone seeking a passive business model The laundromat is located in a well anchored, multi-tenant strip center and benefits from having a sizable parking lot for customer convenience. The facilities are neatly maintained with both the interior and exterior spaces being clean and well presented. The owner takes pride of ownership and ensures that the space is well-kept to create a welcoming environment for current and potential clientele. Currently the business is being operated 7 days a week from 6am-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 proximity. 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 less than 1 hour per week. 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 full-time employee who has been with the company for 10 years. She manages all of the day to day operations of the business, which includes dealing with customers, keeping the facilities clean and presentable at all times, and monitoring the machines. All of the washers, dryers, wash card machines, soap dispenser machine, and vending machines currently occupying the premises are included in the asking price. The laundromat is fully outfitted with washers and dryers from top of the line brand Dexter. All of the equipment occupying the facility is very well maintained and in excellent working condition. These are highly durable, commercial grade machines, so they are constructed to have a useful life of a couple decades. Overall this is a very 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. Monthly expenditures are limited to only a small handful of expenses so this is a lean, efficiently run operation. Seller is motivated to work with a serious buyer. If you are seeking a passive business opportunity that will yield consistent returns and doesn't require constant operational oversight, then this is an ideal opportunity to suit those investment needs.