This listing is a Laundromat based in a Northern Suburb of Minneapolis. Established in 2010, sales have been increasing steadily and a loyalty program launched near the end of 2014 has created a large percentage of repeat customers. All machines are upgraded to accept credit cards and the rechargeable loyalty cards. An independent estimate to rebuild the location was performed and is well over the asking price. There is also a wash and fold segment of the business which can be greatly expanded within the capacity of the existing infrastructure. Dry cleaning service could also be added by contracting a local dry-cleaning plant.
High Tech Laundromat For Sale - SOLD
Reason For Sale:
Other business interests, Health
This is a top of the line facility. All machines are high extraction units, which reduces drying time as well as wear and tear on the dryers. All 36 washers are high G force machines. meaning they are 350 G's vs the standard 200 G's. The business operates in a 2630 square foot location with a monthly lease of $4,700 plus utilities. The security system is also top of the line and can be viewed remotely on a smartphone, tablet, or computer. A full equipment list is available. There is a new HVAC system the seller contributed to in order to accommodate a laundromat. The leasehold improvements are estimated to be at $225,000 plus a one time sewer and water access fee of $72,000. Both of these expenses have already been absorbed by the seller. All machines also have credit card readers and a loyalty card tracking system which would cost over $70,000 to install new.