This well established and long standing laundromat has been in operation and serving the Central Coast community for several decades. The business is ideally positioned in a standalone building that has great street frontage, garnering excellent exposure to passing vehicles and foot traffic. It is perfectly situated in the heart of downtown, which provides easy access to a prime mix of apartments, residential housing, vacation rentals, and boutique hotels. The building has a modest footprint of approximately 2,100 sq ft and features a large designated parking lot directly in front, providing customers with convenient in and out access to the facilities.
The laundromat underwent an extensive renovation in 2024, so all of the equipment outfitting the space is essentially brand new and has been installed within the past 18 months. The store is fully carded, making for easier collections and accounting. Newer SpeedQueen washers and dryers occupy the space, all of which are equipped with touchscreen KIOSOFT card readers. This payment system provides a good blend of flexibility to meet customers’ payment preferences, allowing them to pay with a variety options like credit card, Google Pay, or Apple Pay. All of the equipment is very well maintained, with a mix of high-capacity washers & efficient dryers. Additionally, the owner fully upgraded all of the mechanical, electrical, and plumbing components within the facilities, ensuring that the underlying infrastructure is modern and done to a high standard. The interior of the space has a bright, clean, and modern look that offers customers a welcoming atmosphere.
The laundromat serves a leisure / vacation market but has managed to mainstain highly consistent revenue throughout the course of the year, and continues to grow. It’s location, competitive pricing, and time in operation has allowed the business to establish a steady and loyal client base over the years without any marketing dollars being spent. It is also one of only 2 laundromat serving the nearby community, so it benefits greatly from very limited competition. Overall, this is a highly insulated market with elevated barriers of entry, so it affords the business a degree of pricing power and creates very little possibility of future laundromats saturating the market.
There is a long term favorable lease currently in place with a stable landlord who has owned the property for many years. The current all-in rent cost is $2987/mo and the existing term expires on May 15, 2040.
This turn-key operation offers an investor the opportunity to acquire a profitable business with multiple decades of operational history in one of the Central Coast’s most sought-after markets. The combination of prime location, established customer base, and growth potential makes this an attractive investment opportunity for anyone seeking a passive business model that will yield consistent returns and doesn't require constant operational oversight.
NOTE: Please do not disturb the customers. The seller will be happy to meet with any qualified buyers to tour the space and answer any questions.
Ad#:2426704
