Turnkey Laundromat with $330K Revenue and 40% Profit Margin
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Exceptional opportunity to acquire a turnkey, high-margin laundromat in a densely populated residential area with excellent visibility and traffic. This 5-year-old facility is fully modernized and generates consistent cash flow with semi-absentee owner involvement.
Key Highlights:
• $330,000+ annual gross revenue with 40% net profit margins – proven profitability and strong books/records
• Semi-absentee operation – current owner works 20 hours/week with reliable part-time staff; ideal for an investor or hands-on operator looking to grow
• State-of-the-art equipment – modern, fast, energy-efficient washers and dryers all about 5 years old and meticulously maintained
• Modern card payment system – convenient card program drives repeat business and higher average ticket
• Real estate included – attractive, well-maintained 2500 sq ft building on prime corner lot with ample parking and long-term upside potential
• Clean, bright, customer-friendly layout with security cameras and vending for additional revenue
• Seller available for as much training as needed
Key Highlights:
• $330,000+ annual gross revenue with 40% net profit margins – proven profitability and strong books/records
• Semi-absentee operation – current owner works 20 hours/week with reliable part-time staff; ideal for an investor or hands-on operator looking to grow
• State-of-the-art equipment – modern, fast, energy-efficient washers and dryers all about 5 years old and meticulously maintained
• Modern card payment system – convenient card program drives repeat business and higher average ticket
• Real estate included – attractive, well-maintained 2500 sq ft building on prime corner lot with ample parking and long-term upside potential
• Clean, bright, customer-friendly layout with security cameras and vending for additional revenue
• Seller available for as much training as needed
About the Business
- Years in Operation
- 6
- Employees
- 3 (3 Part-time)
- Facilities & Assets
- The laundromat operates in a 2500 square foot facility with ample parking. There are different sections of the building for washers, dryers, folding tables, vending machines, seating, and an office. There are approximately 60 commercial-grade washers and dryers, payment kiosks, tankless water heaters, ATM, security cameras, HVAC.
- Market Outlook / Competition
- The laundromat is in a densely populated neighborhood of Cleveland, and is located on a busy main road. There are several laundromats within a ten-minute radius, but most of them are significantly inferior in quality. This laundromat stands out from the competition by having better machines and better cleanliness.
- Opportunities for Growth
- There are opportunities for growth in expanding the wash and fold service to more commercial clients, expanding wash and fold delivery clients, marketing the business more aggressively, and raising prices.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,500
About the Sale
- Seller Motivation
- I would like to do something different with my career.
- Transition Support
- I can provide as much training and advice for as long as needed. This is the only laundromat I own and I'm not planning to buy another. I wouldn't be a competitor and can provide training and advice without any reservations.
Listing Info
- ID
- 2455029
- Listing Views
Listing ID: 2455029 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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