Laundromat w/ Real Estate-Highly Motivated & Priced to Sell! (ID: 1084227)

Business Description

Owner must sell due to health issues! The price has been significantly reduced to move it quickly.
This outstanding laundromat business has been successfully operating in this same location for forty four (44) years. The facility was totally remodeled in 2011 with a number of new Speed Queen and Dexter washers added (20# & 40#) complete with five year warranties. The business also offers the largest machines found in a twenty five mile radius (60 pound 6X washers) for customers requiring large capacity machines. City water and sewers coupled with a water softening system ensures a quality wash that keeps customers coming back in an area where a significant percentage of the population is on their own well systems.
There is very little competition within a fifteen mile radius of this site! The surrounding three mile radius has a population in excess of twenty four thousand (24,000) with over 29% of that being rental properties. As a full service wash and dry operation, the business offers pick-up and delivery, especially catering to the senior citizen facilities in the area, and drop off/pick up services for those on the go customers too busy to do it for themselves. They offer limited commercial pick-up and delivery services at this time which is definitely a growth opportunity for the buyer of this business to take advantage of. They also work with smoke and water restoration companies providing laundry services to support their efforts.
This is definitely an upscale facility, noted for its bight & clean atmosphere, offering internet WIFI to its customers, a play area for the kids and selling laundry supplies and sundries to its clients as well. A recently added ATM machine has been extremely well received by customers and neighbors in the area, and provides additional cash flow.
This is a very good opportunity that can be managed successfully as an Owner/Operator or as an absentee Owner with part time employees. ACT NOW IF YOU ARE A SERIUS BUYER

About the Business

Year Established: 1968
Number of Employees: 3

Facilities: The facilities consist of a brick and block building of approximately 3250 sq. ft. on .5acres with black top parking for customers and located fronting a well trafficked state highway. The entire building was remodeled in 2011.The real estate is nicluded in the asking price.

Market Outlook/Competition: This is the only "game in town" and the only laundromat within a ten mile radius.

About the Sale

Reason For Selling: Seller is highly motivated to sell based upon HEALTH ISSUES!

Training/Support: 30 days as part of the price, thereafter on a consulting basis

Seller Financing: Seller may finance a portion of the debt based upon qualifications