coin laundry

Denver, CO (Denver County)

coin laundry

Asking Price:$90,000

Cash Flow:$75,000

Gross Revenue:$122,312





coin laundry

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Business Description

This is a very attractive small neighborhood laundry that serves the Park Hill Area and is remodeled and repainted and has almost all new equipment. The drop off business has more than tripled in the last 3 years and so has the coin laundry customer count. The Park Hill area is going to continue to have young people buying these older homes and need laundry facilities.

Detailed Information

This Laundromat was a run down establishment with old delapated equipment when the owner bought this unit. He has remodeled the interior and repainted both the interior and exterior with great colors. This is a very attractive small neighborhood laundry with a fresh approach to the laundry business. One year left on the lease with a 5 year option to be exercised. Parking in the front, side and rear of the building.
This laundry is in a good neighborhood with many regular customers and a very sound base of coin and drop off customers. The closet competitors are at least 3 miles away from this area. This laundry is near the Stapleton area and has many customers from that area.
Growth & Expansion:
The addition of more large washers and dryers would make a significant difference on the busy weekends. They could do a marketing in the area and include the young professionals in the Stapleton housing area. Add additional vending machines for customers.
Support & Training:
2 weeks prior to closing and 1 week after closing
Reason for Selling:
other business interests

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Richard Jacobsen

Business Listed By:
Richard Jacobsen

ERA Herman Group

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