Profitable Atlanta Laundromat — West Midtown
Business Overview
Well-established laundromat in one of Atlanta's fastest-growing neighborhoods. The business has served the community for over 11 years and benefits from a loyal repeat customer base. Recent upgrades include new card payment systems on all machines and a complete interior renovation in 2022. The wash-dry-fold service generates approximately $2,800/month in additional revenue. Current owner operates semi-absentee with just 10 hours per week involvement.
Key Metrics
Financial Details
- Gross Revenue (annual)
- $280,000
- Net Income (annual)
- $115,000
- Monthly Rent
- $4,500
- Utilities (estimated monthly)
- $1,200
- Water & Sewer (monthly)
- $1,900
- Electric (monthly)
- $1,700
- Gas (monthly)
- $900
- Payroll (monthly)
- $3,800
- Pickup/Delivery Revenue (monthly)
- N/A
- Machine Lease Payments (monthly)
- None — owned outright
Property Details
- Square Footage
- 2,800 sq ft
- Washers
- 22
- Dryers
- 16
- Machine Brands
- Speed Queen, Maytag
- Machine Ages
- 4.5 years
- Payment System
- Coin + Card
- Machine Details
- 10x 20lb, 8x 40lb, 6x 60lb washers. 22 dryers (30lb and 45lb mix).
- Parking Spots
- 12
Lease Details
- Monthly Rent
- $4,500
- Lease Expiry
- Not specified
- Renewal Options
- Two 5-year options
- Rent Increases
- Not specified
- Years Remaining
- 6.5 years
Operations
- Owner Hours
- 10 hours/week (Semi-Absentee)
- Employees
- 2
- Hours of Operation
- 24 Hours
- Services Offered
- Wash & Dry Fold, Vending Machines, WiFi, Surveillance
Assets & Valuation
- FF&E Value
- $160,000
- Inventory Value
- $1,800
- Real Estate Included
- No
Seller Financing
- Seller Financing
- Available
- Details
- Seller will carry 25% at 7.5% interest over 4 years with 10% down.
Due Diligence
- Training & Transition
- 3 weeks of full training including daily operations, vendor contacts, and employee onboarding.
- Books Verification
- Card system exports, coin collection logs, 3 years of tax returns, and 18 months of bank statements.
Market Analysis
Competition
Two competitors within 2 miles, but both are older coin-only locations. Strong repeat customer base in the neighborhood.
Growth Opportunities
Launch wash-dry-fold service. Add pickup/delivery for nearby apartment complexes. Upgrade remaining coin machines to card readers.
Location
- City / State
- Atlanta, Georgia
- Neighborhood
- West Midtown
- Nearby Anchors
- Adjacent to Publix and Dollar General, heavy foot traffic corridor
Reason for Selling
Owner relocating out of state for family reasons. Business is in excellent condition and ready for new ownership.
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.