Description

Sold! – Phoenix Laundromat Business for Sale

Quick Summary

This Phoenix laundromat was sold after being marketed for $95,000. Established in 1990, the business operated seven days a week and included more than 37 washers and dryers, dry cleaning, and folding services. The listing reported $120,000 in gross income and $45,000 in cash flow, with $65,000 in furniture, fixtures, and equipment included in the asking price. This sold business case study highlights the financial, operational, and location factors that can shape a business transaction in Phoenix and illustrates the type of opportunities Strategic Business Brokers Group has handled.

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STATUS: SOLD

PRICE: $95,000
INDUSTRY: LAUNDROMATS
LOCATION: PHOENIX

Sold Phoenix Laundromat Business Case Study

This Phoenix laundromat was sold after being marketed as a $95,000 business opportunity. Located near several apartment complexes, the business offered established operations, 37+ washers and dryers, and additional dry cleaning and folding services.

The laundromat had been operating since 1990 and was open seven days a week from 7 a.m. to 10 p.m. At the time of the listing, the business reported $120,000 in gross income and $45,000 in cash flow. The $95,000 asking price included approximately $65,000 in furniture, fixtures, and equipment (FFE).

The seller was retiring and agreed to train the new owner, with the training period to be determined by the parties.

Sale Details

Detail	Information
Status	Sold
Original Asking Price	$95,000
Gross Income	$120,000
Cash Flow	$45,000
FFE	$65,000 included in asking price
Year Established	1990
Location	Phoenix, Arizona
Square Footage	1,500
Monthly Rent	$1,800
Employees	1
Owner Hours	40 per week
Training	Seller offered training to the buyer

Time on Market and Buyer Information

Strategic Business Brokers Group represented the seller through the sale, from marketing the listing and screening interested buyers to coordinating negotiations, due diligence and the closing process.

Business Location and Operations

The laundromat occupied approximately 1,500 square feet in Phoenix, with monthly rent of $1,800. Its location near several apartment complexes offered access to a nearby residential customer base.

The business operated seven days a week from 7 a.m. to 10 p.m. and had one employee. The seller worked approximately 40 hours per week and was willing to train the buyer as part of the transition.

The business also offered dry cleaning and folding services in addition to its laundromat operations. These additional services expanded the range of services available to customers beyond self-service laundry.

What This Phoenix Business Sale Shows

This transaction illustrates why buyers and sellers should evaluate more than an asking price when considering a business sale. Financial performance, equipment, lease terms, operating hours, location, staffing, and the seller’s reason for exiting can all be relevant during the transaction process.

For owners considering a sale, a professional business valuation can help establish a starting point for understanding what a company may be worth based on its financial and operational characteristics.

If you are considering selling a business in Arizona, learn more about selling a business and the steps involved in preparing, marketing, negotiating, and closing a transaction.

Looking to Sell Your Business in Arizona?

A completed transaction can be an important reference point for business owners considering their own exit. Every business sale is different, and factors such as financial performance, industry, location, lease terms, assets, and market conditions can affect the transaction.

Strategic Business Brokers Group works with Arizona business owners who are considering selling their companies. Our services include business valuations, business brokerage, transaction management, and mergers and acquisitions support.

If you are considering selling a business in Phoenix or elsewhere in Arizona, contact Strategic Business Brokers Group to discuss your business and potential next steps.

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