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Franchised Laundromat with 3 state territorial rights
Business Description
Opened in 2022 with all new equipment. Absentee owned and fully attended. Open 7 am to 10 pm daily. All washers and dryers have card readers. Very spacious with 2,912 square feet. Gross sales 2023 $298,646. Gross sales 2024 $358,554. Franchisor requires buyers to have a minimum of $400,000 in liquid funds and a net worth of at least $700,000.
Purchase price includes the Territorial Franchise rights to MN.WI. and IA. and 3% royalties from other stores in MN. WI. and IA. and the right to open 2 new WaveMax locations with no Franchise fees ($110K value)
Purchase price includes the Territorial Franchise rights to MN.WI. and IA. and 3% royalties from other stores in MN. WI. and IA. and the right to open 2 new WaveMax locations with no Franchise fees ($110K value)
About the Business
- Years in Operation
- 3
- Employees
- 3
- Franchise
- This business is an established franchise
- Facilities & Assets
- 2912 square feet, Located in a small strip center, with four assigned parking spots. - 28 washers- 18 to 80 lbs. and 28 dryers- 35 to 50 lbs. 9 video cameras, security system, and remote access to Machines and POS.
- Market Outlook / Competition
- This is one of three laundromats in the area. Sales and profits for this laundromat have been increasing year over year.
- Opportunities for Growth
- Franchise Territorial Rights (included in price) - As an Aera representative, you will have the opportunity to open two more locations with no start up franchise fee and you will receive a 3% royalty from all other WaveMax locations in the 3 states.
About the Sale
- Seller Motivation
- not enough time to take advantage of future popential
- Transition Support
- Franchisor will provide support
Listing Info
- ID
- 2327701
- Listing Views
- 9337
Listing ID: 2327701 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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