This listing is a Laundromat based in the East Metro. The equipment varies in age. The bearings have been replaced on the older washers and the high capacity equipment is newer. An independent estimate to rebuild the location was performed and is well over the asking price. This Laundromat is being run mostly unattended, with automatic locks for opening and closing. A competitor came in across the freeway and has affected sales for 2018, but the competition has already been absorbed, and customers are coming back. There are many opportunities to grow sales including advertising, equipment upgrades, and offering other services such as wash and fold or dry-cleaning drop off.
East Metro Laundromat for Sale – New Price
Reason For Sale:
The business operates in a 3,233 square foot location with a monthly lease of $4,700, which includes Water and CAM. A full equipment list is available. The leasehold improvements are estimated to be at $292,000 plus a one- time sewer and water access fee of $73,000. Both of these expenses have already been absorbed by the previous owners.