Coin Operated Laundromat and Dry Cleaning Business

Price: $79,900

Location: Madison County. Ohio

Industry: Coin Op Laundry

Listing Category: Coin Laundries

Listing ID: 80125

Established in 1984, this coin operated Laundromat is listed for $79,900.  It is located just west of Columbus, 15 minutes from the 270 outer belt.  The current owner has completed extensive improvements to the plumbing including installing a new water heater, new recirculating pump and more.  After having the plumbing re-done, the owner planned to remodel the front as the next phase of improvements, however, the owner has a new opportunity that he wants to pursue and is selling his full service laundromat which includes dry-cleaning.

This Laundromat is located in an established center that includes a Family Dollar, smoke shop, a pet store and more.  The store is approximately 4,000 sq ft that includes multiple top and front loading coin operating washers and dryers.  Plus, this laundromat offers Dry Cleaning.   The businesses commercial accounts pay for most of the rent.  With the booming local economy, commercial accounts could be greatly expanded.

The cost to open a new Laundromat is over $300,000, Own this fully operational one for $79,900.

Listing Details

Total Sales: $47,608

Cash Flow: $13,836

Inventory: $500

Terms and Conditions?:

No seller financing.

Reason For Sale:

Owner has other business interests.

Training & Support:

Seller to ensure a smooth transition to new owner.

Operation

Year Established: 1984

Year of Last Acquisition: 2020

Days & Hours of Operation: 24 hours with Monday – Friday counter hours: 10:30 am-7 pm

Employees: 1 PT

Location

Monthly Rent: $1,958

Type of Location: Strip Center

Square Footage: 4,000

Facilities Information:

Located in an updated strip center with a Family Dollar and other retail businesses. : Landlord open to length of lease.

Summary

Historical Summary:

Business Established at this location in 1984.  An established business with over 35 years in this community.

Afilliations