SOLD! Two Well-Established Profitable Laundromats

 Sold Listings / 2213 views / Sold

Price: $1,695,000.00

Business Description

For sale are two Indianapolis laundry facilities that are well-established, well-maintained, and highly profitable. The seller has 20 plus years of experience in the laundry industry and has built and maintained exceptional facilities. Customers will not find a better place to do their laundry, they truly dominate their competition for many reasons. Some of the exceptional reasons include:

  • Well-maintained, top-of-the-line machines
  • Up-to-date technology
  • Exceptionally clean facilities
  • Tenured staff

Main services offered:

  • Self-service wash & dry
  • Laundry drop-off
  • Laundry pick-up & delivery

Many businesses and their products fluctuate with various seasons and holidays. While severe weather and high or low temperatures may impact whether or not people venture out, people always need to do laundry. Since people always need clean clothes, the laundry industry isn’t impacted by economic recessions as much as some industries, like hospitality, tourism, and real estate. Also, many laundromats operate with minimal employees. Not having to deal with scheduling and management responsibilities for a large team can make management, payroll, and other tasks easier.

The 2017 U.S. Census reported that 34% of the nation’s 120 million households were occupied by renters, and clean clothes will always be a necessity through any season or global pandemic. Laundromats generate about $5 billion in combined nationwide gross annual revenue. Coin laundries can range in market value from $50,000 to more than $1 million. With an established revenue stream and plenty of room for growth, these two Indianapolis laundry facilities will not last long!

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  • Listing # : N1941

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