CASHFLOW! TURNKEY LAUNDROMAT AND REAL ESTATE OFFERED AT AUCTION!
Westover Laundromat - 327 Holland Avenue, Westover, West Virginia 26501
An in-person property preview for all interested parties is scheduled for Friday, February 27th, from 3:00pm - 4:00pm.
PLEASE NOTE: The adjoining tax parcels owned by the Seller will be auctioned also by virtue of a separate Real Estate Auction.
See the following attached documents:
1. Electrolux Monthly Laundry Report / Cashflow Statements From January 2024 - December 2025. (Note, these statements do not include the additional cashflow from the arcade).
2. Real Estate Survey.
3. Electrolux Equipment List.
CASH-FLOWING LAUNDROMAT & REAL ESTATE AUCTION
Offered at public auction is a fully operational, income-producing laundromat business with real estate, located in the heart of Westover, West Virginia. This offering includes approximately ± 0.50 acres of land, a well-established laundromat facility, modern commercial equipment, and an on-site arcade—providing multiple revenue streams and expansion potential.
PROPERTY & LOCATION
The property consists of approximately ± 0.50 acres situated at 327 Holland Avenue, Westover, West Virginia 26501. The site is positioned in a densely populated residential area near major employers and West Virginia University, offering a strong and consistent customer base.
LAUNDROMAT BUSINESS
The laundromat is equipped with high-quality Electrolux commercial washers and dryers, modern plumbing hardware and associated vending machines, all purchased new in 2021 at a cost of approximately $429,415.66. The washers and dryers are all supported by a modern payment system (accepting cash/coin and LaundryPay digital payments). The business is currently operating and generating steady revenue, as reflected in monthly performance reports provided by Electrolux/LaundryPulse. The LaundryPay digital platform allows the operator to track customer interactions and to offer rewards and incentives to customers, all customizable by the owner.
EQUIPMENT INCLUDED (Partial List)
All laundromat equipment is included in the sale, including:
75 lb, 60 lb, 45 lb, and 20 lb Electrolux washers
Stack dryers and large-capacity dryers
Coin changer
Stainless steel folding tables
Laundry carts
Soap and bag vending machines
Hot water heaters and holding tank
Service center and LaundryPay/Pulse system
This is a turnkey opportunity with a professionally installed commercial setup.
ADDITIONAL INCOME – ARCADE
The building also houses an arcade area, providing an auxiliary revenue stream and enhancing the customer experience by increasing dwell time while laundry cycles run. Please note that all arcade equipment and pool tables on site are leased and not owned by seller. The arcade area would also be preferable for a complimentary business such as a nail salon, hair salon or barber shop.
VALUE-ADD OPPORTUNITIES
This property offers multiple avenues for growth:
Wash-Dry-Fold service (high-margin add-on business)
Commercial or residential laundry accounts
Leasing excess building space or operating excess space as a nail salon, hair salon, barber shop, or similar service-based business
Extended hours or staffing model
Marketing to nearby student housing and rental properties
This is an ideal opportunity for:
Owner-operators
Investors seeking stable cash flow
Entrepreneurs looking to expand into the laundromat industry
Developers seeking mixed-use potential
Bid your price on a fully operational laundromat with real estate in Monongalia County, WV!
Tax Parcel Information:
The property is located in Monongalia County, Westover District as part of the following:
Tax Map No. 7
Parcels 109.2, 114.1, & 359
Property tours are available by appointment. For More Information, Call Matt Gutta Directly at 304-288-0531
Matt Gutta Auction and Realty Service, LLC
Matthew S. Gutta, Auctioneer and Real Estate Broker
W.Va. Auctioneer License No.: 2493
W.Va. Real Estate Broker License No.: WVB240301049
Please read all Terms and Conditions. A 10% Buyer's Premium will be due by the winning bidder at the time of the Auction.
Welcome to the auction! The auction will be conducted by Matt Gutta Auction and Realty Service, LLC (“Auctioneer”) on behalf of the owner of the real estate (“Seller”). The real estate offered for sale at auction (“Real Estate”) is described in the tax map and parcel format within the property listing on Auctioneer's website.
Any person who registers or bids at this Auction (“Bidder”) agrees to be bound by these Terms and Conditions, the auction announcements, and, in the event that Bidder is the successful bidder, the Contract for Purchase and Sale. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions.
Real Estate is offered at public auction in its present, as is, where is condition and is accepted by Bidder without any expressed or implied warranties or representations from Seller or Auctioneer. The Real Estate is not offered contingent upon inspections. If Bidder requires inspections, such inspections must be coordinated with Auctioneer and completed prior to closing. Unless otherwise stated, only the surface rights shall convey. This sale does not include coal, oil, gas or other minerals.
It is incumbent upon Bidder to exercise Bidder’s own due diligence, investigation, and evaluation of suitability of use for the Real Estate prior to bidding. Any information provided by Seller or Auctioneer has been obtained from a variety of sources deemed to be credible. Any photos used in the advertising materials may depict the property, but may not be representative of the current state or condition of the property. To the extent that tax map or parcel viewer images are used in the advertising materials, Bidder shall not rely on depicted property lines in such images as they are not deemed to be representative of actual property boundaries. Seller and Auctioneer have not made any independent investigation or verification of the information and make no representation as to its accuracy or completeness. In bidding on the Real Estate, Bidder is relying solely on Bidder’s own due diligence and investigation of the Real Estate and not on any information provided or to be provided by Seller or Auctioneer. Notwithstanding anything herein to the contrary, to the extent any warranties or representations may be found to exist, the warranties or representations are between Seller and Bidder. Auctioneer may not be held responsible for the correctness of any such representations or warranties or for the accuracy of the description of the Real Estate.
The Real Estate is not offered contingent upon financing or appraisal. If an appraisal is desired after the acceptance of the winning bid, such request may be made directly to Auctioneer.
Information pertaining to this auction may be updated from time to time on Auctioneer’s website. Bidder is solely responsible for monitoring Auctioneer’s website prior to the conclusion of bidding to obtain any such updates, or assumes the risk of not having done so. Auction announcements, postings or notifications shall take precedence over anything previously stated or printed, including these Terms and Conditions.
A 10% buyer’s premium ($3,000.00 minimum) will be added to the final bid amount. The final bid amount, together with the buyer’s premium, will constitute the total purchase price of the Real Estate.
If Bidder is the successful bidder, Bidder must immediately execute the Real Estate Sale and Purchase Contract (“Contract”). A nonrefundable earnest money deposit equal to 10% of the total purchase price shall be made by Buyer to Auctioneer in the form of cash, check, ACH or immediately available, certified funds by 4:00 p.m. (EST) on the business day following the auction. All checks shall be made payable to “Matt Gutta Auction Trust Account.” In the event that Bidder fails to pay the aforementioned earnest money deposit by the time set forth above, Seller may terminate the Contract and proceed forward with selling the Real Estate to another buyer in addition to exercising all other rights Seller may have under these Terms and Conditions. The balance of the purchase price will be due in immediately available, certified funds at closing on the specified closing date. The transaction for the sale/purchase of the Real Estate must close within 60 calendar days of the date of the auction, or as otherwise agreed to by Seller and Bidder.
Wire Transfer Notice: Buyer will never be instructed to initiate a wire transfer for any purpose related to this transaction without the mutual agreement between Buyer and Auctioneer. Buyer shall be vigilant for wire fraud scams and shall always verbally confirm wire instructions with either Auctioneer or closing attorney prior to initiating a wire transfer. Auctioneer’s trust account is held with United Bank in West Virginia and the name of the account is “Matt Gutta Auction Trust Account.” Thus, if Auctioneer and Buyer mutually consent to the initiation of a wire transfer, Auctioneer will never direct Buyer to initiate a wire transfer to any account other than the account specified above.
Bidder’s bid constitutes an irrevocable offer to purchase the Real Estate and Bidder will be bound by said offer. If the successful Bidder fails or refuses to execute the Contract for Purchase and Sale, Bidder acknowledges that, at the sole discretion of Seller, these Terms and Conditions together with the Contract for Purchase and Sale executed by the Seller are to be construed together for the purposes of satisfying the statute of frauds and will collectively constitute an enforceable agreement between Bidder and Seller for the sale and purchase of the Real Estate.
Auctioneer is acting solely as agent for Seller and not as an agent for Bidder. Auctioneer is not a party to any contract for purchase and sale between Seller and Bidder. In no event will Auctioneer be liable to Bidder for any damages, including incidental or consequential damages, arising out of or related to this auction, the Contract for Purchase and Sale, or Seller’s failure to execute or abide by the Contract for Purchase and Sale.
Neither Seller nor Auctioneer, including its employees and agents, will be liable for any damage or injury to any property or person at or upon the Real Estate. Any person entering on the Real Estate assumes any and all risks whatsoever for their safety and for any minors or guests accompanying them. Seller and Auctioneer expressly disclaim any “invitee” relationship and are not responsible for any defects or dangerous conditions on the Real Estate, whether obvious or hidden.
Auctioneer may, in its sole discretion, reject, disqualify, or refuse any bid believed to be fraudulent, illegitimate, not in good faith, or made in violation of these Terms and Conditions or applicable law. Bidder represents and warrants that they are bidding on their own behalf and not on behalf of or at the direction of Seller. Bidder warrants and represents that Bidder is at least 18 years of age and are fully authorized to bid.
Bidder uses the online bidding platform at Bidder’s sole risk. Auctioneer is not responsible for any errors or omissions relating to the submission or acceptance of online bids. Auctioneer makes no representations or warranties as to the online bidding platform’s uninterrupted function or availability and makes no representations or warranties as to the online bidding platform’s compatibility or functionality with Bidder’s hardware or software.
Broker/agent participation is invited. Broker/agents must fulfill the responsibilities and obligations set forth in the Broker Registration Form to qualify for a cooperation/referral fee. To register, the completed form must be received and registered with Auctioneer no later than 5 p.m. on the business day prior to the auction. In the event they have not fulfilled the requirements for participation, you may be responsible for the financial obligations with them. Brokers/agents are not eligible for a commission if they are the buyer.
The Real Estate is offered for sale to all persons without regard to race, color, religion, sex, handicap, familial status, or national origin.
