#54: Laundromat Making $430k/year

πŸ‘‹ Hey fam!

Welcome to the 475 new people who have joined this week!

In this week’s issue:

  • πŸ›’ eCommerce - 1 listing

  • πŸ—„οΈ Traditional business - 2 listings

  • πŸ—„οΈ Traditional business - 2 listings

  • ☁️ SaaS - 2 listings

  • πŸ•΅πŸΌβ€β™€οΈ Service - 1 listing

Alright, Let’s explore!

Estimated Reading Time = 5 minutes

πŸš€ Startup Spotlight

Discover profitable online and traditional businesses.

πŸ’° Asking Price: $625,000

Founded in 2021, their company specializes in an innovative electrolysis-based cleaner, generating over $2.39M in revenue and $385K profit last year. With more than 100,000 units sold, they’ve efficiently operate online through platforms like Amazon and Shopify, supported by a skilled team of four.

Type: eCom

βœ… Key Highlights

  • $1,500,000 in TTM Revenue

  • $326,000 in TTM Profit

  • $131,000 in revenue last month

  • $39,000 in profit last month

πŸš€ Growth Opportunities

  • Subscription-Based Model: Implement a subscription-based model where customers receive regular shipments of refillable packs for the electrolysis-based cleaner. By offering convenient subscription plans tailored to the usage frequency of customers, the business can secure recurring revenue streams while promoting customer loyalty.

  • Product Line Expansion into Adjacent Verticals: Diversify the product portfolio by expanding into adjacent verticals within the health and wellness industry. Explore complementary product categories such as natural home cleaning solutions, personal care products, or eco-friendly lifestyle accessories.

πŸ’° Asking Price: $650,000

Type: Traditional Business

βœ… Key Highlights

  • $430,000 in Gross revenue

  • $3000/month in Rent

Business is successful, established, and profiting. Newly renovated with strong foundation of regular and repeat customers. Caters to an entire apartment complex that does not have washer/dryer installation in their units.

Constant revenue due to high traffic of apartments as well as nearby community. There is no need to worry about rebranding or any worry toward store image.

Beautiful interior and design! Attached retail storefront unit is included with laundromat and is currently built out as an arcade increasing daily/monthly revenue for owner.

πŸ’° Asking Price: $800,000

This business was founded in 1987 by the current owner, and is one of the top rated and most trusted businesses in its area, for all residential and commercial refrigeration and HVAC needs. Maintenance and repair work generate the majority of the business's revenue.

Type: Service

βœ… Key Highlights

  • $763,774 in Gross revenue

  • $406,251 in EBITDA

  • $4500/month in Rent

While there are other HVAC and refrigeration businesses in the area this business has established itself as a lead provider of fast, top-notch service in the area. Customers know that they can rely on this business to be there when they need them the most. They are able to charge a higher price for their work than their competition because it is considered such high quality.

There is opportunity to hire more technicians and expand the business's geographic area of service. Currently the business focuses primarily on servicing customers in its area.

Overall, a very high margin business and an easy to run business for a new owner.

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