UNDER DEPOSIT - PLEASE FILL OUT THE FORM AND WE WILL KEEP YOU AS A BACKUP.

Great neighborhood location.

Store is in great condition and well appointed. Recent improvements include: New awning, new lights, new POS for wash & fold, new paint & bathroom remodeling.

Approximately 1500 sq. ft. Rent is $3,200 rent and has 13 years left on lease.

45 Machines : 23 washers & 22 dryers approx. 12 years old. Great condition.

Store does about $132,000 a year in self serve and $43,000 in wash & fold.

Machines are equipped with Spyderwash POS so you can accept credit cards, loyalty cards or coins at each machine. This POS also gives great reporting. They also have a separate POS for the wash & fold business.

Store is currently run fully attended with 4 workers but the owner never had the time to build the wash & fold revenue so their salaries are not covered by the wash & fold revenue. Typically the wash & fold revenue should be 2-3 times your salaries.

This store can be run fully attended or converted to unattended with some minor improvements (enclosing an office area & adding auto lock doors.) The P&L model shows the store more profitable unattended. Thus, you can run unattended and focus on building the wash & fold business further so you maximize profits or unattended. Your choice. The net profit assumes the unattended model.

Lots of potential to grow self serve, drop off wash & fold, commercial and residential pickup business.

Everything is here and ready to go and in excellent condition. New owner just needs to keep growing sales and understand that these store ate NOT totally passive but semi passive at best. The more involvement, the better.

$220,000 - FIRM
NOTHING LESS WILL BE CONSIDERED
Cash Offers Only