Coin-Op Laundry Absentee Run Just Remodeled

Price: $239,900

Location: Muskingum County

Industry: Coin- Op Laundry

Listing Category: Coin Laundries

Listing ID: 80129

This Coin-Op Laundry is absentee run and has just been remodeled.   The business is located in a very busy strip center that is surrounded by apartments .  There  has been a coin-op laundry operating in this location since 1956.

The present owner took over in November 2021 and completely remodeled and installed all Dexter Commercial Washers and Dryers.  In addition the renovation included a brand new 100 gal. Hot Water Tank, 120 gal. Storage Tank, 80 gal Storage Tank, and all New duct work for the Dyers.   Business Just Recently Re-opened on March 28, 2022.

The business is as Clean as a Whistle.  It operates 24 hours per day Seven days per week Absentee.  Below is the breakdown of the equipment:

6- Dexter 20lb Washers   Current Price $2.00 per Load

9- Dexter 30lb Washers   Current Price $4.50 per Load

4- Dexter 40lb Washers   Current Price $5.50 per load

3- Dexter 50lb Washers   Current Price $6.50 per Load

13- Dexter Dryers              Current Price $0.25 per 8 Minute Cycle Time

2- American Change Machines

Brand New Signage

Great Lease Rent $2,313 per month.  Lease Expires in 5 Years with Two Five Year Options to Renew.

The Sales and Cash Flow Figures Listed in the Ad are Proforma (Projected) and are not the actual Results.  All projections have been based on Actual Water Consumption (UNDER THE PREVIOUS OWNER) as reported to the towns water department.

Laundromats are one of the Only Cash Businesses remaining,

Listing Details

Total Sales: $185,728

Cash Flow: $99,370

Terms and Conditions?:

No Seller Financing offered.

Reason For Sale:

Other business interest.

Training & Support:

Seller to provide support and training to ensure a smooth transition to a new owner.

Operation

Year Established: 1956

Year of Last Acquisition: 2021

Days & Hours of Operation: Monday-Sunday 24 Hours

Absentee Owner?: Yes

Location

Security on Lease: 4,675

Lease Option: Two (2) Five (5) Year Options to Renew.

Monthly Rent: 2313

Type of Location: Busy Strip Center

Square Footage: 1,500

Facilities Information:

Facilities have been recently renovated (Fresh Paint), all Equipment replaced, New Duct Work, New Hot Water Tanks. Super Clean located in a busy strip center. There has been a Coin Laundry Operating Out of this location Since 1956.

Summary

Historical Summary:

This location has had a Coin-Op Laundry Operating from it Since 1956.

Afilliations