Hot Listing
Profitable Laundromat-Owned same family 30 years-NEAR Greenville $400k
Business Description
This laundromat has been in the family for 30 years- Very very rare to see that long ownership.
This laundromat is located NEAR Greenville (not in Greenville) in a stand alone building off a main road with excellent parking.
Well appointed building and laundromat with new epoxy floor and new AC installed 2 years ago.
Approx. 2300 sq ft with 24 washers & 24 dryers that range from 2 years old to 13 years old. Avg age is approx. 7 years old.
10 years left on lease.
Store has hybrid Laundroworks system that accepts coin and card.
This laundromat does about $215,000 in self serve, $50,000 in WDF & 8,000 in PUD,
Store is open approx. 111 hours but only staffed 66 hours per week. P/T employee works about 27 hours and sellers about 40 hours. NOTE: We added in payroll for the hours the owners work.
They do not have auto lock doors so we recommend that new owners explore installing.
This is a great opportunity to get into an established, well run and profitable laundromat.
$400,000 List Price - Slightly Negotiable
Cash Offers Only - No Financing
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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.
This laundromat is located NEAR Greenville (not in Greenville) in a stand alone building off a main road with excellent parking.
Well appointed building and laundromat with new epoxy floor and new AC installed 2 years ago.
Approx. 2300 sq ft with 24 washers & 24 dryers that range from 2 years old to 13 years old. Avg age is approx. 7 years old.
10 years left on lease.
Store has hybrid Laundroworks system that accepts coin and card.
This laundromat does about $215,000 in self serve, $50,000 in WDF & 8,000 in PUD,
Store is open approx. 111 hours but only staffed 66 hours per week. P/T employee works about 27 hours and sellers about 40 hours. NOTE: We added in payroll for the hours the owners work.
They do not have auto lock doors so we recommend that new owners explore installing.
This is a great opportunity to get into an established, well run and profitable laundromat.
$400,000 List Price - Slightly Negotiable
Cash Offers Only - No Financing
______________________________________________________________________
BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.
About the Business
- Years in Operation
- 30
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,300
- Rent
- $1,950.00 per month
Listing Info
- ID
- 2517292
- Listing Views
- 444
Listing ID: 2517292 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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