Coin Laundry Businesses for Sale in South Florida

Coin laundries are listed below by price. Contact broker Rhonda McLane for addresses and complete details for each location.

Lake Worth - Contract Pending

	Price $55,000 - Seller will finance with $35,000 down
	Gross Sales $128,593 - sales here are "all coin"
	Net to working owner $24,541
	Present owner has 3 employees who make $9,384/yr - owner nets $15,157/yr
	Open 6am to last wash 8:30pm 7 days. 3 employees make $9,384/yr plus these employees keep all wash dry fold and dry cleaning sales.
	1,500 sq ft
	30 washers/30 dryers/Natural gas
	Great location in a busy and well-established shopping center. Plenty of parking. Center has Publix anchor plus Family Dollar, Subway, Radio Shack. Rent is $3,709/mo. Lease runs to Nov 2018, then one five year option to Nov 2023. Annual 3% increases.
	Nice neighborhood laundry is easy to run for absentee owner, or new buyer may add marketing for much higher net. Same owner since 1995 - ready to retire. Excellent potential here.

West Palm Beach

	Price $155,000 Cash
	Gross Sales $184,800 ($117,000 self service machines; $37,800 vending; $30,000 drop off wash and fold).
	Full time working owners will net $49K/yr.
	Laundry is open 7am-10pm daily. Two employees work 56 hr/wk and owners work 42 hrs/wk. Employees are paid $23,400/yr and owners net $26,500/yr after paying all expenses including both employees.
	+/- 2,400 sq ft (2 bays)
	34 washers/36 stack dryers/Natural gas
	Location/Lease: Very nice location in a large, active and recently remodeled shopping plaza. Plenty of parking. Rent is $4,908/mo. Lease runs to Dec 2013. Landlord will give qualified buyer a new lease. $4,085 security deposit.
	Other Notes: Same owners 25 years. Store was doubled in size +/- 7 years ago - all new washers and dryers plus upgraded plumbing and electric all added at that time. Sales and net above are the result of no marketing or promotions - proper marketing should produce excellent profits at this large and attractive location.

Fort Lauderdale

	Price $200,000 - Seller financing with $85K down
	Cash Price $175,000.
	Gross sales $222,205 ($97,761 self service machines; $75,692 drop off wash and fold; $42,727 drop off dry cleaning which includes laundered shirts; $6,025 vending)
	$96K/yr net to working owner
	Present owners are absentee and net $53K/yr after paying employees.
	Laundry is open 7-10pm 7 days and attended most of these hours. Four employees make $43K/yr total.
	Approx 2,000 square feet.
	27 washers/26 stack dryers/Natural gas
	Location and Lease: Long-established location in a major shopping plaza. Rent is $4,602/month. Excellent lease: options run to 2025 with annual 4% increases.
	Other notes: Great location in a busy and upscale area of Fort Lauderdale. Good reliable staff and excellent clientele. Same owners since 2005.

Miami

	Price $310,000 Cash
	$219,000 Gross Sales ($111,000 self service machines; $90,000 drop off wash and fold; $10,400 commercial accounts; $7,500 vending)
	Working owner will net $114K/yr
	Present owner is absentee. Owner has 3 employees who open, close, clean, process commercial and wash and fold orders. Owner pays $43,200/yr for employees and nets $71K/yr after all expenses.
	1,600 sq ft
	22 washers/28 30-lb stack dryers
	Location/Lease - Outstanding area and very strong shopping plaza with good national tenants and plenty of parking. Rent is $4,094/mo. Lease runs to 4/2017 with annual 5% increases. Landlord will give new lease or extend this lease for qualified buyer.
	Notes: Great location in a busy center. Sales here are on a nice upward trend.
	Other Notes: $10,500/yr income from 4 commercial accounts are included in $310K price. Seller has a new contract for a potentially large account - this account is not included in the price. Buyer may purchase this account seperately for a price to be determined. Contact broker for details.

Miami (Kendall)

	Price $450,000 cash
	Gross sales $325,500 ($124,800 self service machines, $96,000 drop off wash and fold including 5-6 commercial accounts; $36,000 drop off dry cleaning (net); $62,700 vending)
	Net to working owner with no employees or debt service = $180,120/yr.
	Present owner works 40 hours/wk at the business and has one full-time and one part-time employee who are paid $24,128/yr. Owner nets $155,992/yr before debt service and owner's salary.
	Laundry is open and attended 8-10pm daily.
	1,800 sq ft (2 bays)
	29 front load washers (no top loaders here); 28 dryers. Natural gas
	Location/Lease: Outstanding lease includes water. $5,580/mo rent. Lease options run to Nov 2021 with annual 4% increases. $1,000 security deposit. Spotless and attractive store in an awesome center - Publix, CVS Pharmacy, McDonalds, Subway, Little Caesars, 2 banks, and more.
	Other Notes: Excellent money-maker in great area. 11 washers and 16 dryers are 11 months old, 2 tankless water heaters are one year old, point of sale system is new. Same owners 8 years.

Greenacres - Opened New 4 Yrs Ago

	Price $495,000 - Seller will finance with $350,000 down
	Cash price $475,000
	Gross Sales $313,682 (sales don't include wash-dry-fold drop off or vending)
	Working owner will net $122K plus all vending and wash-dry-fold income.
	Laundry is open 7am - 10pm daily. 3 attendants are paid $54,864/yr. Attendants also keep the drop off income at this location.
	3,900 sq ft
	Greenacres best coin laundry opened new 4 years ago. All Maytag equipment. Build-out included lift-station, $130K impact fee to county, 61 big washers, 60 big dryers + many extras and upgrades.
	Location/Lease: Safe area with great demographics and busy Walgreens nearby. Veteran's Admin anchor has a long-term lease. Landlord will give laundry buyer a new long-term lease with first year's rent $6,500/mo and annual 3% base rent increases. Landlord will enertain offers for the strip plaza from qualified buyers - contact broker.
	Outstanding location includes (11) 60-lb and (3) 80-lb washers plus (4) giant 50-lb dryers -- natural gas -- perfect for adding commercial accounts. Machines may be converted to cashless system at buyer's option. Great facility at a great price!
	Absentee seller also owns West Palm Beach laundry listed for $595K - will sell combo for a discounted price.

West Palm Beach - Only 5 Years Old

	Price $595,000 - Seller financing with $375,000 down
	Cash price $575,000
	Gross sales $325,072 (sales are 100% coin - attendants keep wash-dry-fold income at this location)
	Current absentee owner nets $64K/yr. Working owner will net $126K/yr + all wash and fold and vending income.
	Laundry is open 7am to 10pm daily. Fully attended by three employees - employees are paid $62,231/yr + attendants keep drop off income.
	+/- 5,000 sq ft
	100% Maytag machines - 56 big washers, 52 stack dryers + 5 80-lb dryers. Natural gas
	Landlord will give a long-term lease with $5,300/mo rent for first year and annual 3% increases thereafter. Tenant will pay for maintenance, insurance and real estate taxes for the building - these expenses have already been removed from net figures listed above. Landlord maintains roof at his expense. Landlord will entertain offers for building from qualified buyers.
	Big and beautiful money-maker built new 5 years ago. 100+ machines including 12 60-lb washers, 5 80-lb washers + 5 jumbo dryers. Machines can be converted to cashless system at buyer's option.
	Seller owns Greenacres laundry listed for $495K - will sell combo for a discounted price.


	Note: Sales and expense information for each coin laundry was provided to by the Seller. Florida Laundry Brokers LLC, a Licensed Real Estate Broker employed by the Seller, has not verified the accuracy of the information above. Any offer to purchase these businesses should be contingent on documenting the stated sales, expenses and net profit. Nets listed above are before debt service (if any).