0 Memorial Drive

Description:

This business operates from a 2,285 SF storefront fully restored in 2024 after prior fire damage. It includes a mix of older equipment still in good working condition and a majority of brand-new, state-of-the-art commercial washers and dryers installed in late 2024-early 2025. The facility offers clean, modern furnishings, ample customer parking, and is leased through December 2027 with two five-year renewal options.

Turnkey Retooled Laundromat with New Equipment & Long-Term Lease (Asset Sale)

This acquisition allows a buyer to step into a newly equipped, long-term secured facility for $420,000 — a price well below replacement cost — with substantial upside potential.

Business Highlights:

Partially Retooled & Upgraded: Majority of equipment brand-new (installed late 2024–early 2025), supported by updated plumbing and electrical systems, plus some well-maintained older units.

Turnkey Facility: 2,285 SF with clean modern layout, updated finishes, and ample parking for customer convenience.

Lease Security: Term through December 2027 with two five-year renewal options.

Expansion Potential: Opportunity to add wash-and-fold, pickup/delivery, and outsourced dry cleaning services to expand revenue.

Growth Opportunity: Business is rebuilding after prior closure, giving a new owner the chance to capture untapped market potential with the benefit of recent capital improvements.

---

Report Listing This listing was syndicated through:

Listing ID: d84d790c-518e-4448-8ac4-46d5df01c8c4