High Volume St. Paul Laundromat for Sale

Saint Paul, MN (Ramsey County)

High Volume St. Paul Laundromat for Sale
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Asking Price: $895,000

Cash Flow: $150,000

Gross Revenue: $385,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

High Volume St. Paul Laundromat for Sale

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Business Description

This listing is a Laundromat based in the East Metro and is one of the higher volume Laundromats in the Metro Area. The equipment is well maintained. The bearings have been replaced on the older washers and the high capacity equipment is newer. An independent estimate to rebuild the location was performed and is well over the asking price. This Laundromat is being run mostly unattended, with automatic locks for opening and closing. There are many opportunities to grow sales including advertising, equipment upgrades, and offering other services such as wash and fold or dry-cleaning drop off.

Detailed Information

Location:
Saint Paul, MN
Employees:
1
Facilities:
The business operates in a 3,783 square foot location with a monthly lease of $11,000, which includes Water and CAM. A full equipment list is available
Growth & Expansion:
Wash and fold service could be added for additional revenue
Financing:
SBA loan can be assumed and is at .75% over Prime
Support & Training:
Sellers employee will fully train new owner
Reason for Selling:
Moving out of State
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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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