Laundromat - Great Location, Underperforming

Unique opportunity to own a laundromat with a great location in the heart of one of Seattle’s iconic neighborhoods. City of Seattle maps show an average annual daily traffic of 12,000 vehicles passing by this location. The laundromat is located near apartment complexes, a well known restaurant, a highly sought out semi-fast food restaurant and a nationally recognized company’s headquarters - among other notable sources of customers.

The future buyer can have an existing store to operate or renovate this laundromat to modernize the equipment, the operation and expand the hours. This location was impacted in 2024 by a large city project which stopped traffic to one of the two major streets bordering this location. As a result, store hours were reduced and a new owner needs to invest in this company to expand the laundromat’s store hours and service offerings (Wash Dry Fold, Pick up and Delivery, etc.).

The owner of the store is hands off. He is retiring. He owns the real estate and the real estate is NOT for sale. He will continue to lease the location at below market rental rates to a qualified tenant. This location is being offered as-is.

Note, the owner has a second location not for sale which is part of their same LLC. As a result, P&L and Income statements are not available. We can provide revenue details, employee pay and utility bills. If this is not acceptable to the buyer, this many not be the right business to buy. This is a great laundromat for a buyer seeking to acquire an underperforming business with potential to be more.

Offering is $375,000 and the owner is open to offers.