Fantastic Location! Upscale in Desirable Suburbs In Md.! The location is perfect – on a high a traffic street in a very busy shopping center next to a high end grocery store with many other businesses. The surrounding area is made up of great high end residential neighborhoods. The plant has a 50lb. Columbia dry cleaning machine, a shirt unit, collar/cuffer, sleever, dress suzie, 2 pressing stations, 15 hp Fulton boiler, vacuum, and much more. The capacity to double production with ease in the newly renovated location, adding contract work in addition to the long standing loyal customer base, has already been built into this plant with a vision for the future. The cost efficient plant has been fitted out to be able to handle high volumes of dry cleaning and has not reached it’s full potential. This opportunity is growing but still has much upside prospective growth! This choice location will not last!
Baltimore County, MD
This laundromat offers tremendous potential income for an owner-operator at an unbelievable price! Located on a very well traveled road in Baltimore County, this laundromat is priced to sell! Open 7 to 9 seven days a week. August, 2014 sales are broken down as follows:
Washing Machines: $3648. Dryers: $1698. Wash, Dry and Fold: $2447. Vending: $279. Lottery Commissions: 1247. Rent will likely be reduced to $1,500 and $1,500 for CAM per month for approximately 2500 sq ft. Water utility runs about $400 per month. Electricity runs about $1100 per month. Supplies: $400 per month. Average monthly payroll runs about $5100 per month. Owner operator should be able to significantly increase the bottom line as this laundromat is currently being run with an absentee owner. Motivated seller would like to close as quickly as possible.
Other expenses: Security system: $22/month, Verizon phone and internet: $160/month, Insurance: $160/month.
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