10th Avenue Laundromat Express
Lake Worth, Fla.
Before Getting into the Laundry Business…
Lograsso was – and still is – in the restaurant business, as well as investing in commercial real estate.
7:00 a.m. to 10:00 p.m. during the week, and 6:00 a.m. to 10:00 p.m. on the weekends
Three full-time attendants
Total Square Footage
4,620 square feet
There are 30 parking spaces in the back of the store, which are reserved for the laundry, and then more general shopping center parking in the front.
Lease or Own?
A 10-year lease, with two five-year options.
10th Avenue Laundromat Express was built from the ground up. The construction process took nine months and cost approximately $1 million, including the laundry equipment.
Turns Per Day
About three to five
The store’s utility costs represent approximately 18 percent of the business’ gross revenue.
The laundry is located in a relatively low-income, heavily Hispanic area, with a large percentage of renters.
Credit/debit cards and cash
Washers and Dryers
18 Continental 20-pound frontloaders, $3.49
28 Continental 40-pound frontloaders, $5.49
11 Continental 55-pound frontloaders, $7.49
10 Continental 80-pound frontloaders, $8.99
12 Continental 30-pound stack dryers, 39 cents for 10 minutes
15 Continental 45-pound stack dryers, 59 cents for 10 minutes
Water Heating System
NATCO water heating system
CCI card system
1 American Changer bill changer
30 R&B Wire Products laundry carts
30 customized, stainless steel folding tables
1 beverage vending machine
1 snack vending machine
1 ice cream machine
1 claw crane merchandiser game
6 50-inch televisions
• Over-the-counter detergent sales
• Free Wi-Fi access
• ADT security system
• Fully air-conditioned
$1.49 per pound; 10-pound minimum
The Laundry Shop, Pembroke Pines, Fla., (855) 888-9274