This listing is a four location Laundromat based in Northern Twin Cities Suburbs of Minneapolis. The first location was established 12 years ago and sales have been steady. The current owner primarily absentee and many growth opportunities exist with a more hands on owner. There is opportunity to grow by adding a wash and fold segment to the business within the capacity of the existing infrastructure. Dry cleaning service could also be added by contracting a local dry-cleaning plant. There are many high density housing developments near the locations and others under construction. Partnering with these associations would realize additional growth.
Four Location Laundromat Business with Eeal Estate - SOLD
Asking Price: | 1,700,000 |
Categories: | |
Reason For Sale: | Locations do not work for current owner |
Posting Date: | 06/30/2016 |
Gross Sales: | $568,000 |
Cash Flow: | $280,000 |
Employees: | 1 |
Listing ID#: | 79mt |