I would really appreciate any insight, feedback, or advice as to if this is a good purchase price or not!
It’s been in service since 2011, currently the top rated and busiest laundromat in our college town of 100K people.
Asking price is $595K
It’s in two retail suites in a shopping center, 4000/sqft total between the two suites.
5yrs left on lease, with (3) 5yr options.
2022 sales of $436,000, SDE $215,000
2021 sales of 336,000, SDE $135,000
2020 sales of $306,000, SDE $116,000
2019 sales of $352,000, SDE $162,000
3 part-time staff
all machines are dual card/coin
Drop-Off Wash/Fold service available
Pick-Up/Delivery service available
Washers:
2x100lb Huebsch washer
1x80lb Maytag Washer
3x60lb Maytag Washer
2x60lb Huebsch Washer
9x30lb Maytag Washer
2x30lb Huebsch Washer
6x18lb Maytag Washer
4xHuesbch Horizon Washer
5xHuebsch Top Loader Washer
Dryers:
3x75lb Maytag Dryers
2×75 Huebsch Dryers
12x30lb Maytag Stack Dryers(24 dryers total)
3x30lb Huebsch Stack Dryers(6 dryers total)
Ozone System
ArtiClean AWCT-80 Ozone System
I have P&Ls and Tax info and the above seems accurate, as far as I can tell.
Thanks for your help!
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