Business Overview

Unique opportunity to own three 7000+ sq ft laundromats in Philadelphia, Pennsylvania. The businesses have been successful as a result of cutting edge management practices, a focus on the customer, and a full immersion into community engagement. This trio of state-of-the-art laundry centers was created with the goal of delivering a high level of customer experience. This includes a dedicated staff, large machines with fast wash/dry cycles that allows for more business while also reducing maintenance and utility costs.

The laundromats are clean, bright, modern, and are in ideal locations throughout the city for this type of business. The concept is highly-rated among customers and each location features modern amenities like WiFi, TVs, vending/snack machines — all of which were implemented to improve the customer experience. Each location also offers an a la carte menu of laundry services like wash/dry/fold and dry cleaning with convenient turn-around times and competitive rates. Please contact us today to learn more about this opportunity!

Financial

  • Asking Price: $4,825,000
  • Cash Flow: $992,000
  • Gross Revenue: $3,050,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Each laundromat averages 7,000+ square feet and are ideally situated in prominent locations throughout the city. Please inquire for exact locations, precise rent details, lease terms, and available options.

Is Support & Training Included:

Seller will provide necessary training and support.

Purpose For Selling:

Owner would like to focus on other business interests.

Pros and Cons:

There is standard competition for the industry and market, but these laundromats have a number of built-in advantages over a majority of other nearby laundromats.

Opportunities and Growth:

The owner spared no expense in the build out, so the portfolio of laundromats is set up for the next owner to continue growing and expanding the business.

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. However, the real factor vs the one they tell you may be 2 totally different things. As an example, they might claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of various other reasons. This is why it is very crucial that you not depend entirely on a vendor's word, yet instead, utilize the vendor's response in conjunction with your total due diligence. This will paint an extra sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans in order to cover points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in brand-new clients? Many times, businesses have repeat clients, which form the core of their daily revenues. Particular factors such as brand-new competition growing up around the area, roadway building and construction, and also staff turnover can affect repeat consumers and adversely affect future revenues. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the opportunity to develop a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood median household income impact future income prospects?