Coin-op Laundromat in Bloomington

  • Annual Gross Sales: ~$120,000 three year average
  • Nice return for owner/operator
  • Value of Furniture, fixtures and Equipment: $185,000
  • Listed Price: $135,000

 

Business Description

  • 10+ year old profitable laundromat on Bloomington’s growing south side
  • Located near apartments and rental housing
  • 24-hour cash flow business
  • Currently attended normal daytime business hours
  • Many recent upgrades; since opening all washer have been replaced; new HVAC system; new hot water holding tanks; security system
  • Casual waiting area
  • Arcade area

General Information

  • Facilities: leased space is ~2800 s.f.
  • Located in a multi-tenant commercial center
  • Lease is assumable for qualified candidate
  • Clean and well-maintained
  • 12 camera security system

Growth opportunities

  • The business does little advertising and new owner could increase for added volume.
  • New owner could promote drop-off service, home delivery and other services
  • Room to upgrade social media presence and promotions
  • New owner could go fully unattended to increase profit

Other information

  • Easy to operate as a sole proprietor
  • Reason for selling: Owners concentrating on other business interests