Three Laundromats On Southern Oregon Coast
Off-MarketCoos Bay and North Bend, OR
Three Laundromats On Southern Oregon Coast
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$670,000
$310,000
46.3%
2021
30+ Days
Customers
Locals in the area and seasonal vacationers.
Customer Acquisition
The business conducts zero active marketing, relying on foot traffic, a Facebook page, and an organic presence on Google and Yelp for customer engagement.
Team
The business operates as a self-serve model, with two part-time employees stationed at each of the three locations, for a total of six part-time staff members.
Owner's Role
The owner handles all equipment maintenance across the three facilities, spending an average of one to four hours per week resolving maintenance issues. His wife manages all staff scheduling and receives a salary as part of the business structure.
Reason for Selling
The owner is seeking to liquidate capital for other real estate projects in northern Oregon. The owner is open to selling two-thirds of the locations that are closer together or all three of the locations.
Contracts
No
Real Estate
Yes, the business owns all underlying real estate for the three locations, with estimated values of $800,000 (location 1), $700,000 (location 2), and $500,000 (location 3). The owner’s preference is to include the real estate with the sale. Two locations are about 4 miles apart from each other, with the third location about 25 miles north.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
The owner purchased the business approximately five years ago when it was in a distressed position and rebranded the locations.
Business ID: 1569
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