MergerPlace

Well-Run Laundromat in Prime Location

Laurel, Maryland (Anne Arundel)


  • Asking Price: $95,000
  • Gross Income: $110,784
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $65,000
  • Listing ID: #199029
  • Established: Not Disclosed
  • Employees: 4

Business Description

A unique opportunity to step in and own one of the best equipped laundries in the area with near new Dexter equipment. The business is in a prime strip mall location with national retail chain as an anchor store. The current owner is a long-time multi store owner/operator that is ready to retire. The owner's lifetime habit of perfect maintenance and aggressive equipment replacement makes this your opportunity to own a laundromat with many years of remaining service life on current laundry machines at a fraction of normal cost.

This laundry is priced significantly under market and will sell quickly. Complete absentee operation. Earn money day one as the new owner operator or as part of your family business. Great lease with many years remaining at good terms along with 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
Metropolitan Area: Laurel
County: Anne Arundel

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $95,000
Gross Revenue: $110,784
FF&E: $65,000
Seller Financing Available: No

Property Information

Facilities:

Located in a strip mall with national anchor. There are 31 washers and 42 dryers.

Growth & expansion opportunities:

This well-established community laundry could benefit from fresh management with a focus on internet, direct mail, local print promotions, and other advertising to the nearby rental market.

Competition:

There is standard competition in the industry and market. Housing data shows a 395% change in housing units, 43% increase in rental units, and a steady increase in all key demographic categories known to use the services of a local laundry mats in years 2010-15*. (*source 2016 American Community Survey)

Reason for selling:

Retirement.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Alan Horn

Horizon Business Brokers, LLC