Business
This opportunity represents the acquisition of an iconic, high-volume laundromat located in the Minneapolis Metro, together with its underlying real estate. The business is fully tended during operating hours (8am–10pm) and is known for its cleanliness, safety, and strong customer service. The facility is equipped with well-maintained, high-capacity machines ranging from 20lb to 125lb. Continued growth can be driven by targeted advertising campaigns, social media engagement, and the introduction of additional services such as wash-and-fold or dry-cleaning drop-off. The Seller is currently absentee, presenting an attractive opportunity for a hands-on operator to drive earnings growth.
ASKING PRICE: $1,150,000 for the Laundromat and $1,250,000 for the Real Estate and Contiguous Parcels
REASON FOR SALE: Retirement
GROSS SALES: $630,438
CASH FLOW: $325,000
FACILITY: The laundromat operates in a free-standing 5,000 sq. ft. building with ample parking. The Real Estate is owned by the Seller and is included in the sale. Two additional contiguous parcels are included as well.
EMPLOYEES: 1 FT and 6 PT
