Immaculate Turn-Key Laundromat

Fresno, CA (Fresno County)

Immaculate Turn-Key Laundromat
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Asking Price: Get Financing: $169,000

Cash Flow: N/A

Gross Revenue: $84,000

EBITDA: N/A

FF&E: $160,000

Inventory: N/A

Lease Rate: $1.10 /SF/Month

Established: 2010

Immaculate Turn-Key Laundromat

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Business Description

Opened in 2010, this is a well established, fully turn-key Laundromat opportunity going on its 9th year of operation. The business is ideally positioned on a major street and garners excellent traffic exposure.
One of the cleanest laundromat facilities in town. Both the interior and exterior spaces are modern, clean, and immaculately maintained. The owner has taken huge pride of ownership in keeping the premises meticulously neat to create a welcoming environment for current and potential customers.
The business is operating out of a newer 2 tenant, single story retail complex. There is ample parking in the rear of the building providing for convenient in and out access for customers.
Currently the business is being operated 7 days a week from 7am-9pm. Business is steady all year round making overall revenues stable and consistent.

The business is ideally located for the surrounding demographics and client base. It’s location, competitive pricing, and time in operation has lent it the ability to establish a steady flow of repeat and referral clientele over the years.
Only 1 mile from the rapidly growing and developing Tower District. Plenty of growth is being experienced in the surrounding areas.

The owner’s involvement is limited to only a couple hours out of the week. Current ownership duties are limited to payroll on a bi-weekly basis, and counting/inventory of cash and quarters taken in from the machines. This is a low upkeep business that does not require an owner’s physical presence on site. There is 1 employee that has been with the company for over 8 years. He manages all of the day to day affairs and operations of the business. These include all customer service inquiries, keeping the facilities clean and presentable at all times, and monitoring the machines. He is aware of the sale and will be happy to stay on under new ownership if needed.

All of the equipment occupying the facility is in excellent condition, with many years of service left in them. Issues are infrequent with the machines and repair/maintenance costs on an annual basis are minimal.
The facility is outfitted with Huebsch machines throughout. A list of all FF&E included in the sale is provided below:
8 - 50lb dryers
12 - 30lb dryers
6 - 20lb washers
6 - 30lb washers
5 - 40lb washers
2 - 60lb washers
1 - Soap Machine
1 - Change Machine
1 - Vending Machine
New value of machines are estimated between $160-180k.

Revenue sources include: laundry and drying sales (which comprise the bulk of income), detergent sales, and vending machine sales. It is a simple and straight forward, easy to manage business model with few moving parts.
The business is presently generating an average of $7000/month in gross revenue ($84,000 annually). Monthly expenditures are limited to only a handful of line items as this is a lean, efficiently run operation.
None of the machines currently accept credit cards or wash cards (quarters only), so it is essentially an all cash operation. All of the cash can be easily accounted for due to the simplicity of the business structure with virtually no theft, providing peace of mind for any absentee operating buyer.

The landlord is happily willing to negotiate a long-term lease with a new owner.

This is a perfect opportunity for an owner-operator who would like to cut labor costs to increase their yield, or an investor looking for an easy to operate, non labor intensive business with positive cashflow and immense upside.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
1 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facilities are 1500 sq ft of total space and are pristine. The current owner takes huge pride of ownership in keeping the facilities very well maintained.
Competition:
Nearest competition is approximately 2 miles away.
Growth & Expansion:
Tremendous upside opportunity for an industrious new owner willing to implement some fresh ideas into the business. Increasing social media presence via Facebook, running on and offline marketing campaigns via direct mail flyers, Facebook ads, Yelp ads, and further enhancing the level of customer service, would all aid in advancing the growth of this business and increasing the ROI for a new owner.
Support & Training:
2 weeks
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Dehlan Group

Business Listed By:
Dehlan Group

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