NEWLY RETOOLED!! Philly Laundromat In Prime Location For Sale - Business for Sale
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Laundromat with 44 Washers in Philadelphia, PA
Philadelphia, PA, US
Added 5 months ago
Personal Product & Service
5 years in business
RemoteAbsentee / Semi-Absentee
This is a 5-year-old laundromat in Philadelphia, PA, operating in a 5,400 sq ft free-standing building with 44 washers and 45 dryers, attended by 4 employees and retooled in 2022.
Key Information
Asking
$1.0M
Revenue
$480K
Earnings
$187K
Multiple
5.5x
Key Highlights
- Net income: $187,095
- 5,400 sq ft free-standing building
- 44 washers and 45 dryer banks (ElectroLux)
- Retooled in late 2021, completed 2022
- 4 employees, fully attended
- Owner operates remotely and handles maintenance
- 24-year lease with first right of refusal and % increase every 5 years
- Coin pushers, vending, and claw machine (3rd party owned, split monthly profits)
- Requires at least $350,000 down payment
- Years established: 5
Contact Info
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