Modern Coinless Laundromat
| Asking Price: | $850,000 | Inventory: | |
| Gross Revenue: | $187,000 | Real Estate: | $425,000 ++ |
| Cash Flow: | $77,000 (comments below) | FF&E: | $350,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Cash Flow Comments: EBITDA |
This modern (bright and clean) laundromat with real estate is an excellent investment opportunity. Card-operated, high capacity front-load washers & dryers attract customers who can complete their laundry in less than an hour. Many opportunities for growth that the current owner has not capitalized on due to owning two other businesses and spending little time at this one. A new owner, who would devote 8-10 hours/week could dramatically increase revenues and profits. The owner's investment in the real estate is approximately $425,000, which is included in the selling price.
About the Business
Employees:3 part time
Facilities:3,000+ square foot facility; all new equipment (1 year old).
Market Outlook and Competition:This state-of-the-art coinless laundromat is located in an area with excellent demographics and apartment density. Area laundromats are smaller with older equipment.
About the Sale
Reason For Selling:The owner has two other businesses and little time to devote to this one.
Seller Financing:N/A
KEYWORDS: Laundromat; coinless/card-operated; clean; modern; great location; high apartment density area; growth/ expansion opportunities; great investment.
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