CASHFLOW! ONLINE AUCTION! Laundromat and Real Estate Auction in Westover! Bidding is open now and begins closing on Thursday, March 26th, at 6:00 p.m.

Timed auction by Matt Gutta Auction and Realty Service

Starts Jan 29, 2026 9:00 PM EST. Ends Mar 26, 2026 6:00 PM EDT

CASHFLOW! TURNKEY LAUNDROMAT AND REAL ESTATE OFFERED AT AUCTION!   + The Reserve Price is $800,000.   + Westover Laundromat - 327 Holland Avenue, Westover, West Virginia 26501 (Greater Morgantown Area).   + PLEASE NOTE: The adjoining tax parcels owned by the Seller (Hot Spot, Apartments and Land) will be auctioned also by virtue of a separate Real Estate Auction.  + Please read all Terms and Conditions. A 10% Buyer's Premium will be added to the final bid amount and will be due by the winning bidder at the time of the Auction. Thus, the final bid amount, together with the Buyer’s Premium, will constitute the total purchase price of the property. See the following attached DOCUMENTS under the "Documents" tab above: 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. 4. Water, Electric and Gas Billing Information. 5. Real Estate Auction Sale and Purchase Agreement.   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 Westover Laundromat building is approximately 7,616 square feet. A room, located in the back section of the building and approximately 1,536 square feet in size, is accessed through and connected to the adjoining "Hot Spot Building" and leased to the neighboring Hot Spot business (Note: The adjoining Hot Spot Building is available for purchase by virtue of a separate auction). The Seller is flexibile with respect to the renewal of this lease depending upon the preferences of a potential purchaser. Call Auctioneer for more details. The land where the building is situated 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 account. - 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.   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   Bid your price on a fully operational laundromat with real estate in Monongalia County, WV!   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 added to the final bid amount and will be due by the winning bidder at the time of the Auction. Thus, the final bid amount, together with the Buyer’s Premium, will constitute the total purchase price of the property.

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