High Volume Laundromat for Sale in Northern Suburb of the Twin Cities SOLD

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.

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About Mac Thelen

Mac Thelen draws on over 35 years of business ownership and brokerage experience to provide direction and advice on how to organize and run a business for maximum return. I addition to his role of President of OIB, Mac Thelen also sits on a handful of company boards of directors in advisory roles. This assists in keeping him abreast of current market trends in banking, technology, manufacturing, and distribution. Mac is a resource that you will find creates enormous value to you and your company as he guides you through the very exciting, rewarding, and challenging process of buying or selling a company.

Contact the listing agent to learn more.