Laundromat Package: A Lucrative Investment Opportunity in Connecticut

Uncover a golden opportunity to invest in a package of two well-established laundromats, one including property, in the heart of Connecticut. These prime locations in Connecticut offer not only steady revenue streams but also the potential for absentee ownership, making them an ideal choice for investors seeking to expand their portfolio or step into the laundromat industry.

Business Overview:

• Asking Price: $770,000 for both locations, which encompasses all assets and business goodwill.

Financial Performance:

• 1st Laundromat: Generates gross revenue of $228,796 with a net income of $41,132. Monthly rent stands at $4,324.
• 2nd Laundromat: Shows similar robust performance with gross revenue of $228,854 and a net income of $43,028. Monthly rent is $4,543.
• Combined Revenue: Together, both laundromats bring in total gross revenue of $457,650, demonstrating strong market presence and earning potential.

Operational Highlights:

• High-Quality Equipment: Both locations are equipped with top-tier, reliable machines—62 at the first site and 71 at the second location, including coin-operated and card-operated units.
• Facilities: Spacious interiors at both sites provide comfort and convenience for customers, with ample parking and easy accessibility.

Management and Ownership:

• Efficient Management Structure: Both laundromats are currently managed by a professional service, allowing for a hands-off investment. The owner's minimal involvement is needed, with the potential for increased profitability under an owner-operated model.
• Real Estate Inclusion: The first locations property is included in the sale, adding significant long-term value and flexibility due to its RO zoning.

Investment Potential:

• Growth Opportunities: There is substantial potential to increase revenue through enhanced marketing efforts, operational efficiencies, and possibly expanding services or modernizing facilities.
• Seller Financing: Flexible purchase options are available, facilitating an easier transition for qualified buyers.

Market Outlook:

• Steady Demand: There is a consistent demand for laundromat services in Connecticut, particularly in urban settings.
• Expansion Potential: Long-term prospects include the ability to modernize services and expand further to meet evolving customer needs.

Seize this exceptional opportunity to own a prime laundromat package in Connecticut, offering both immediate returns and substantial growth potential in a stable market.