*In Closing*This Business is a coin operated laundromat located in a South West Metro Suburb of Minneapolis. The current owner has kept a clean and well-maintained store with high capacity machines, a credit card and loyalty program in place, and a loyal customer base. There are 3 double-stack 30lb Dryers, 6 double stack 45lb Dryers, and 2 80lb Dryers. There are 20 Washers ranging from 30lb to 80lb capacities, with the majority 40lb or larger. The facility is located in a nice strip center on the primary business corridor of a busy Business District. The Laundromat is partially tended. Wash and fold services could be added to the laundry Business to spur growth. A new owner could also increase advertising and develop community relations to increase Revenue.
Busy Coin Laundromat for Sale in SW Twin Cities Suburb - SOLD
MegaWash Coin Laundry
Reason For Sale:
The Business operates in 2250 leased square feet and the current lease has over 11 years remaining with the Tenant Options. This is an excellent lease and is a very valuable component of the Business. There are timed locks to automatically open and close the store every morning and evening. A security system is in place so owner can remotely monitor the facility as needed.