JUST LISTED! TURNEY TOWN LAUNDROMAT, GARFIELD HEIGHTS, OH
Cleveland, Cuyahoga County, Ohio
$2,299,000
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Description
TURNEY TOWN LAUNDROMAT/CLS
4934 TURNEY ROAD
GARFIELD HEIGHTS, OH 44125
(A SUBURB OF CLEVELAND, 325 MI FROM CHICAGO)
PRICE: $2,299,000
This high volume ($1M+ gross income) laundromat was built and completed in 2020. It has all brand new energy efficient, 450G Electrolux washers and dryers. There are 42 washers and 38 dryers. All the machines have Fascard readers with 3 kiosks. There is also a bill to bill exchangers with 1 American Changers change machine. The quality and thoughtful construction shows with the interior design and brightness of the laundromat. This laundromat has minimal competition with the next laundromat being 3.2 miles away with older machines. The income has been steady since 6 months of opening. Room for improvement is possibly making the store 24 hours as the area has a lot of 2nd shift workers.
The CLS wash and fold/pick up and delivery service is operated in the back of the store also during the morning hours of the store and night hours. CLS covers all of Cuyahoga County with 3700 sign up customers in 3 years. Owner will fully train new owners in the operation of the business.
Owner is selling this operation to get into other business ventures out of state.
DON'T WAIT! ONCE IN A LIFETIME OPPORTUNITY!
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Financials
$1,058,463
$695,067
$700,000
Equipment Assets
Number Of Washers
42
Number Of Dryers
38
Lease Details
Rent Amount
$3,800
Lease Options Available
yes
Square Footage
5700
Location Description
Great demographics for the laundromat business
Business Operations
No data provided.
Listing Disclaimer: The information on this listing has been provided by either the seller or thier business broker. Niche Media owner of LaundromatForSale.com has not verified any of the information on this page and assumes no responsibility for its accuracy or completeness. Interested parties are encouraged to contact the seller and/or the seller’s broker directly to conduct their own independent verification of this information.
