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Laundromat - Coin Operated

Ephrata, PA (Lancaster County)

Laundromat - Coin Operated
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Asking Price: $129,900

Cash Flow: $26,000

Gross Revenue: $79,700

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1950

Laundromat - Coin Operated

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Business Description

This coin operated laundromat is situated in a Shopping Center along a busy northern Lancaster County roadway. It has served customers since the 1950's and can get rather busy. There are a total of 24 washing machines and 24 dryers neatly arranged in the facility. The Seller recently invested over $40,000 in new machines and remodeled the facility for a better customer experience. It is open 17 hours per day, from 6:00 AM to 11:00 PM to capture both daytime and evening business. It features a time-controlled magnetic lock so that there is no need to be there at closing time. This a a great opportunity for a second business or a retirement project as a daily visit is not needed.

Detailed Information

Location:
Ephrata, PA
Facilities:
The Business is situated in a leased location in a Shopping Center along a major Roadway in northern Lancaster County. It is a good location that brings many repeat customers.
Competition:
The nearest competitor is several miles away and not as conveniently located. This location is a draw because a customer can start a load of wash and visit other stores at the Shopping Center.
Growth & Expansion:
While the main area of the location is fully utilized, the Business could be expanded to include a wash and fold service or dry cleaning. Both of these were utilized previously and there is amply space in a private room to do them.
Support & Training:
This is a turn-key operation with very little training needed; however, the Seller will provide as much training as needed.
Reason for Selling:
The Seller wishes to concentrate on another Business that he owns.
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Jeffrey Shelly

Business Listed By:
Jeffrey Shelly

OneSource Business Solutions LLC

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