MergerPlace

Established Laundromat in High Traffic

Maryland (Prince Georges)


  • Asking Price: $110,000
  • Gross Income: $180,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #199085
  • Established: Not Disclosed
  • Employees:

Business Description

Great opportunity to own an established laundromat. The business is situated in a retail strip mall with national anchor stores on a major thoroughfare in Prince George's County. The business is currently run on an absentee basis with good lease terms with many years remaining.

Perfect for owner operator or as part of your family business. An excellent demographic profile of neighborhood laundromat users suggest many more years of dependable cash flow. Fresh eyes and contemporary marketing methods can take this solid business to the next level! Great opportunity to own an established laundromat. The business is situated in a retail strip mall with national anchor stores on a major thoroughfare in Prince George's County. The business is currently run on an absentee basis with good lease terms with many years remaining.

Perfect for owner operator or as part of your family business. An excellent demographic profile of neighborhood laundromat users suggest many more years of dependable cash flow. Fresh eyes and contemporary marketing methods can take this solid business to the next level!


Business Details

Primary Business Category: Services - Other Services
Location: Maryland
County: Prince Georges

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $110,000
Gross Revenue: $180,000
FF&E: $50,000
Seller Financing Available: No

Property Information

Facilities:

Situated in a high density area of Prince George's County in a strip mall with major national anchors. The space is large with approximately 3000 sq ft with 47 washers and 35 dryers.

Growth & expansion opportunities:

The large 3000 sq ft space can absorb dramatic increase in usage without pressure on available interior space or parking in this laundry. Adding services like wash and fold or pick up/delivery would be an easy way to see immediate growth. In addition to that, new services can be added to boost the revenue stream like check cashing, money transfer, lottery, phone cards, etc.

Competition:

There is standard competition for the industry and market, but this laundromat is established and located on a major thoroughfare. The business does a good job attracting new customers along with building a loyal base of regulars.

Reason for selling:

Owner wants to pursue other interests.

Support & Training:

Seller will offer necessary training and support.

Contact Business Seller

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Business Listed By:

Alan Horn

Horizon Business Brokers, LLC