This laundromat sits in a prime OC location, and checks a lot of the boxes that you'll rarely find in laundromats for sale. It has a long term lease, with fixed rent through the term. It is surrounded by what historically has been the highest volume Laundromat demographic in Orange County. The store has a large footprint, with ample parking to handle the dense customer base. There is stainless steel, energy efficient equipment throughout this well maintained store, and plenty of amenities that have customers returning consistently for many years!
The Seller owns another laundromat near their home in Los Angeles. The O.C. location is therefore remote, and gets very little attention or focus on growing the business. The historic success of this Laundromat is admirable however, and there is still significant growth opportunities to increase the already ample profit for a Buyer who is willing to take over and focus on growing the value of the store. Opportunities include: drop off laundry service, potential to increase vend pricing across the equipment, cut operating expenses, and update and refreshing store décor.
Laundromats have attracted savvy business investors for decades because of their ease and flexibility of owner involvement in the day-to-day operations, lack of accounts receivable (cash is collected before services are rendered!), and generous depreciation and expense deductions that can reduce tax impact on their profits. Laundromats require no specific industry or operational expertise to run successfully.
High income, profitable laundromats continue to be one of the most desirable businesses for entrepreneurs seeking stable and reliable income. Laundromats are generally recession-resistant and most recently have proven to be one of the essential service businesses that could withstand an unprecedented pandemic. In good economies, bad economies, and even pandemics, this laundromat remains essential and profitable! Don't hesitate, reach out to the Agent today.