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. 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 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 newer 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 cost over $70,000 to install new.
High Volume Laundromat for Sale in Northern Suburb of the Twin Cities - SOLD
Loads of Laundry
Reason For Sale:
The business operates in a 2630 square foot location with a monthly lease of $4,700 plus utilities. A full equipment list is available. There is a new HVAC system the seller contributed to in order to accommodate a laundromat