Excellent opportunity to acquire a large, modern coin laundromat in a densely populated Baltimore City market.
This approximately 5,000-square-foot laundromat was newly developed in 2019, with the owner investing approximately $1.1 million at the time in new commercial washers, dryers, equipment, improvements, and build-out.
The current owner lives approximately two hours away and, because of his age and distance from the business, has operated the laundromat on a largely absentee basis since opening. The business has depended heavily on employees rather than active owner management.
Current gross revenue has historically been approximately $35,000 per month, or approximately $420,000 annually, subject to buyer verification.
The major opportunity is for an experienced, hands-on owner to improve operations and expand the business. Management believes there is potential to substantially increase revenue through stronger day-to-day management, improved wash-and-fold service, marketing, pickup and delivery, commercial accounts, and better utilization of this large facility.
A motivated owner-operator could potentially develop this location into a significantly higher-volume laundry operation.
Approx 2,000 sq. ft. East Mesa Strip Center Business is still under a rental concession. Payment of CAM charges only until 5/27, Monthly Rent is approx $1,920.00 proceeding 5/2027.
.webp)
Home