Well established absentee laundromat recently completely renovated, renovation finished February 2019. After just a few months they're already doing over 23K a month. This laundromat is located in a very affluent town and there is huge upside for wash & fold as well as adding a pick up and delivery service. 28 dryers 25 washers all manufactured by huebsch. Numbers are increasing every month store can conservatively do 25K a month no problem. 24 year lease with 2.5% increases. 35% self-service 60% wash n fold 5% dry cleaning.
Plenty of parking, 24 year lease, 20 washers brand new, 8 stack dryers, and 1 washer is 10yrs old.
Very affluent area huge potential to grow wash & fold business.
Very little competition in area
Seller looking to relocate near his home.
Seller will stay on to train new buyer.