5 Location Laundromat for sale with Real Estate

Crystal, MN (Hennepin County)

Seller Financing Available
5 Location Laundromat for sale with Real Estate
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Asking Price: $2,380,000

Cash Flow: $370,000

Gross Revenue: $782,000



Inventory: N/A

Real Estate: $360,000

Established: N/A

5 Location Laundromat for sale with Real Estate

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Business Description

This Business is a five location Laundromat based in Northern Twin Cities Suburbs of Minneapolis. The first location was established 14 years ago and sales have been steady. The current owner primarily absentee and many growth opportunities exist with a more hands on owner. There is opportunity to grow by adding wash and fold segments to the business within the capacity of the existing infrastructure. Dry cleaning drop off services could also be added by contracting a local dry-cleaning plant. There are many high density housing developments near the locations and others under construction. Partnering with these associations would realize additional growth. The seller recently added a very profitable business segment of commercial laundry drop service, acquiring business through Google AdWords advertising

Detailed Information

Real Estate:
Included in asking price
Building SF:
2 PT
The business operates in 4 leased locations and one owned location. A full equipment list is available. There are automatic lock and unlock timers, a newly installed $85,000 security system for remote oversight, and cleaning is subcontracted. One- time sewer and water access fees have already been absorbed by the seller and will be transferred to the buyer. New HVAC systems have been installed and many improvements have been made over the last two years.
Growth & Expansion:
The new commercial laundry revenue stream could be greatly expanded
Seller will finance a portion of the sale
Support & Training:
Seller will train new owner
Reason for Selling:
Other Businesses
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Contact the Seller

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Mac Thelen

Business Listed By:
Mac Thelen

Opportunities In Business

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Sponsoring Broker:
Thomas Green

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