Tupelo Data Room
Laundromats & Coin Laundry
Active

Coin Operated Laundromat

Colorado, United States
listing image
Asking Price$257k
Revenue$220k
EBITDA-
Cash Flow$65k
Description
This Coin-Operated Laundry business has been family owned for well over 30-years. Situated in a well established, commercial shopping area, with easy access to a main thoroughfare, customers appreciate this convenient, clean and inviting location to perform their laundry responsibilities. The business is equipped with top-quality coin-operated washing machines and cloths dryers. The business also offers a convenient wash-and-fold drop-off laundry service. A third-party dry cleaning company is utilized for those seeking additional dry cleaning services. The customer base includes businesses, and the general public. The laundromat is primarily attended by a 20+ year employee who trains, schedules, and supervises other employees. She is loyal, conscientious, honest and beloved by new and long-term customers, alike. She would like to stay with the business. The owners perform managerial, bookkeeping, and some repair work. They appreciate the flexibility and limited time commitment of their roles. With some adjustments, the business could run at least semi-absentee.
Furniture Fixtures & Equipment
$150k
Number of EmployeesFull-Time: 3
Year Established
1993
Reason Selling
Retirement
Facilities & Assets
Building is 2630 sq ft. in size and includes front counter with adjacent storage space, a public restroom, two back rooms with storage area, utility sink, and access to the back of the clothes dryers for maintenance. All washing machines and clothes dryers are are well maintained, with newer machines added in recent years. An ATM machine and bill changer are available on site. Various laundry products and snacks, soft drinks and water are available to purchase at the customer service counter. Ample clothes hanging and folding tables are available for customer convenience.
Support & Training
Support and training will be negotiated at closing.
Market & Competition
One competitor exists in the area however, is smaller in scale, amenities and availability.
Growth Opportunities
The addition of a pick-up/drop-off laundry cleaning service would add a new revenue stream.
Asking Price$257k