Modernized Coin Laundry - Profitable

Description

Franchise laundromat for sale operating from an approximately 3,000 sq. ft. facility. The store is staffed by full-time attendants, allowing the current ownership structure to remain relatively hands-off.

Services

• Self-service washing and drying
• Wash, dry and fold service
• Coin changer income
• Vending
• Additional laundry-related services

Having both self-service and attended services gives the store more than one source of revenue.

Equipment and facility

The location is equipped with commercial washers and dryers designed for high-volume use. Security and surveillance systems are already installed.

• Approximately 3,000 sq. ft.
• Commercial laundry equipment
• Security cameras and monitoring
• Free customer Wi-Fi
• Attended facility

Owner involvement

Full-time attendants currently handle much of the regular store activity. A buyer should review scheduling, payroll, collections, maintenance responsibilities and the amount of management time actually required from ownership.

Franchise

The business operates under a nationally recognized franchise system. Training for the new owner and continuing franchise support are included, subject to the current franchise agreement.

Franchisor approval will be required for the transfer.

Buyer review

Buyers should review recent financial statements, utility costs, machine revenue, wash-and-fold margins, payroll, vending income, equipment age and maintenance history.

Franchise royalties, advertising charges, transfer fees, required upgrades, lease terms and any equipment financing should also be confirmed before closing.