This is a cashflow machine! As an industry, laundromats can provide stable revenue streams and steady growth. This laundromat has seen over ten percent growth in revenues in 2018 and on target for similar growth in 2019. Growth is primarily due to the population growth in Bozeman Montana, the fastest growing city of its size in the nation four years running.
Well maintained coin-operated machines. The sellers own the building and willing to negotiate a mutually favorable lease.
With only a modest amount of marketing this laundromat continues to grow revenues and profits. A new owner can enjoy this built in growth with no effort beyond maintaining the quality of service. A strategic marketing push could bring in more customers. Machines could be upgraded to allow cashless payment options. Pairing this with customer frequency cards can encourage repeat customers. Cashless payment with other improvements allow 24-hour service that is un-staffed during off-peak hours.
Because of high equipment costs to start a laundromat that would compete for residents in the immediate area, odds are very slim of a new competitor showing up. This laundromat has captured the market for residents in the immediate area.
Moving to be closer to family.
Will train for 4 weeks @ no cost. A local business license is easily obtained. As with any business purchase, a buyer should have good general business skills. A new owner can work in the business or hire a manager for passive cash flow.