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 25 years of business ownership and brokerage experience to provide direction and advice on how to organize and run a business for maximum return. Mac Thelen has "been there". He sold his first business in 1998 and built two nationally recognized companies from the ground up. Mac Thelen also sits on a handful of company board of directors in advisory roles. This assists in keeping him abreast of current market trends in banking, technology, and retail. 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.