Three Year Old Equipment Package For This Coin Laundry
This laundromat was beautifully renovated three years ago with mostly new equipment, electrical work, and interior renovations. It is a free-standing building with plenty of parking. All washers and dryers are Huebsch Models, with 51 machines in total. They offer wash, dry, and fold services, dry cleaning, and alteration services. They have a few commercial accounts for wash, dry, and fold services, making up 25%- 35% of the revenue.
There are plenty of upside opportunities to increase revenue: add pick-up and drop-off residential service, expand commercial accounts, partner with banquet facilities and restoration companies, add credit card readers to machines, add an ATM, accept mobile payments, add more vending and arcade machines, and offer more laundry supplies for sale. Even a nook is available to turn into a small coffee/snack shop.
This location has been a coin laundry for 34 years.
