This business is a coin operated laundromat located in Minneapolis along the 94 Corridor. The current owner has kept a clean and well-maintained store with updated machines. A new floor was installed in 2020 and a new credit card and loyalty system was put in place. The store was closed from June through mid-September of 2020 due to area damage during the early summer protests. Sales are recovering from the shutdown and the loyalty program is starting to take off. There are 61 total washer and dryer units ranging from 20lb to 80lb capacity. The majority of the machines are high er capacity Dexters. The facility is located in a nice, high traffic strip center. The Laundromat has an attendant, is well lit, and has plenty of security cameras. Commercial wash and fold services could be added spur growth. A new owner could also advertise and develop community relations to increase business. This is a large, very nice, and updated Laundromat.
Coin Operated Laundromat for Sale in North Minneapolis
The business operates in 4500 leased square feet of leased space. The current lease expires December 31st and the building owner will negotiate a lease with the new owner. A security system is in place so owner can remotely monitor the facility as needed. The floor was redone last year and the equipment was refurbished during the shutdown.