Value-Add Phoenix Laundromat — Priced to Sell
Business Overview
Underperforming laundromat with significant upside potential for the right buyer. The business has operated for nearly 20 years but has not kept pace with industry improvements. Machines are older and coin-only, representing a clear upgrade opportunity. A new owner who upgrades to card payment and adds wash-dry-fold service could likely increase revenue by 30-40%. The location is excellent — standalone building with 20 parking spaces and high visibility. Current owner is ready to retire and priced accordingly.
Key Metrics
Financial Details
- Gross Revenue (annual)
- $148,000
- Net Income (annual)
- $59,000
- Monthly Rent
- $2,200
- Utilities (estimated monthly)
- $820
- Water & Sewer (monthly)
- $1,000
- Electric (monthly)
- $900
- Gas (monthly)
- $500
- Payroll (monthly)
- $0
- Pickup/Delivery Revenue (monthly)
- N/A
- Machine Lease Payments (monthly)
- None — owned outright
Property Details
- Square Footage
- 1,750 sq ft
- Washers
- 12
- Dryers
- 8
- Machine Brands
- Whirlpool, Maytag
- Machine Ages
- 9.2 years
- Payment System
- Coin
- Machine Details
- 8x 20lb, 8x 40lb washers. 14 dryers (30lb).
- Parking Spots
- 20
Lease Details
- Monthly Rent
- $2,200
- Lease Expiry
- Not specified
- Renewal Options
- One 5-year option
- Rent Increases
- Not specified
- Years Remaining
- 2 years
Operations
- Owner Hours
- 35 hours/week (Owner-Operated)
- Employees
- N/A
- Hours of Operation
- Not specified
- Services Offered
- Vending Machines
Assets & Valuation
- FF&E Value
- $75,000
- Inventory Value
- $800
- Real Estate Included
- No
Seller Financing
- Seller Financing
- Available
- Details
- Owner will finance up to 30% at 8% interest over 3 years. Flexible terms for first-time buyers.
Due Diligence
- Training & Transition
- 2 weeks of hands-on training covering daily operations, coin collection, and basic machine maintenance.
- Books Verification
- Coin collection logs, bank deposits, and 2 years of tax returns available.
Market Analysis
Competition
One competitor 3 miles away. Underserved area with high renter population and older housing stock without in-unit laundry.
Growth Opportunities
Add card/app payment system. Extend hours. Introduce wash-dry-fold service. Upgrade to larger capacity machines.
Location
- City / State
- Phoenix, Arizona
- Neighborhood
- West Phoenix
- Nearby Anchors
- Standalone building with large parking lot, high visibility from main road
Reason for Selling
Owner retiring after 18 years. No children interested in taking over the business.
Disclaimer: LaundroList does not verify financial information provided by sellers. Always conduct proper due diligence — including reviewing tax returns, utility bills, and lease documents — before completing any transaction.