Hot Listing

Turnkey Retooled Laundromat with New Equipment & Long-Term Lease

Asking Price$420,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$280,000
Included in asking price
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Hot Listing

Turnkey Retooled Laundromat with New Equipment & Long-Term Lease


Asking Price$420,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$280,000
Included in asking price
Business Description
Established Laundromat
• Recently retooled with major upgrades and investments
• Full restoration completed in 2024

Upgrades & Equipment
• Modern plumbing and electrical systems installed
• Majority brand-new, high-capacity commercial washers & dryers
• Remaining equipment is well-maintained and reliable
• Mix of new and existing units reduces near-term capital needs


Facility
• 2,285 SF of space
• Clean, updated interior finishes with welcoming layout
• Ample parking for customer convenience

Location & Market
• Surrounded by strong residential base
• Consistent demand from apartment dwellers, families, and local residents

Current Operations
• Operates as a self-service laundromat only
• Equipped with card reader payment system

Growth Opportunities
• Add wash-and-fold service
• Offer pickup & delivery
• Introduce outsourced dry cleaning
• All services in demand; can be added without major reinvestment

Lease Terms
• Current lease runs through December 2027
• Includes two 5-year renewal options for long-term stability

Business Positioning
• Rebuilding customer traffic after temporary closure
• Strong foundation for growth with upgraded systems, favorable lease, and scalable service options

Ideal Buyer
• Perfect for experienced operator considering opening a new location
• Cash Buyer or Personal Lending only / Not SBA financeable
• Step into a partially retooled, modern laundromat with scalable upside and growth potential
About the Business
Years in Operation
8
Facilities & Assets
• 2,285 SF storefront fully restored in 2024 after prior fire damage
• Equipment mix: majority brand-new, state-of-the-art washers and dryers (installed late 2024–early 2025) Some older machines from 2015 & 2017 in great condition
• Modern facility with clean finishes and updated customer furnishings
• Ample parking for customer convenience
• Lease term through December 2027 with two additional five-year renewal options
Market Outlook / Competition
The laundromat is currently rebuilding operations and customer traffic following a 3-year closure.
Opportunities for Growth
• Add wash-and-fold service to attract customers seeking convenience
• Launch pickup and delivery to serve busy households and apartment communities
• Introduce outsourced dry cleaning to broaden service offerings without major investment
• Leverage updated equipment and ample space to support new services
• Build partnerships with local cleaners or delivery platforms to generate additional revenue streams and strengthen customer loyalty
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Personal Reasons
Transition Support
Yes. Negotiable.
Listing Info
ID
2420354
Listing Views
1662

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Business Listed by: Orville Devonish Metrobrokers Inc.

Listing ID: 2420354 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.