Asking Price: $465,000 Gross Revenue: $300,000Cash Flow: $105,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $500 included in asking priceFF&E: $250,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is one of the best coin laundries in Central Florida and has no competition for miles and miles. It is well established and has a mixed customer base of young families and retirees that surrounds the shopping Center that is right on the two main roads running through the center of Clermont that is on the border of Lake and Orange County. This is a growing community and this business is only going to get better. Seller has had the business for 14 years and it was run by his wife and one part-timer. Since her operation, the business has been almost entirely left to the manager to run with the husband overseeing it and going in at the weekend to give the staff a day off. Sellers husband has two other businesses and cannot give this one any more time. This is a cash-driven business and it has good records. The lease is long term and the rent is about $4,800 per month for 3,000 square feet. Equipment is in great shape and this is an easy business to run as it has very few employees, no receivables, no inventory and no competition from the internet or high tech depreciation of equipment. The seller is willing to look at all offers and ones that include him carrying back a small loan. This is a great business that is in a great location and has no competition fore miles in either direction. Seller has just installed 3 new washing machines and paid $2,000 to have all of the dryers serviced and cleaned so they work more efficiently
About the Business
Number of Employees:
Building Sq. Ft.:
$4,500.00 Per Month
This coin laundry is well laid out, 25 coin washing machines and 35 dryers and offers not only coin washes but wash dry and fold services as well as plus dry cleaning drop off and pick up services. It has extra large and medium washing machines that cater for all families large or small. It has parking right out side of the door and has a very safe and clean environment. Located in a strip center with a McDonald's, Bravo's Supermarket, Walgreens and other small stores that are customer drawing stores..
No competition for miles and no other will be allowed as far as the seller knows, and according to the City Fathers they do not have the water in the area and do not want any more coin laundries or theses types of businesses. Seller cannot guarantee this but this is what he has been told.
Growth & Expansion:
Seller has installed some more new equipment and there is not a lot more to be done inside, lights have been renewed, dryers cleaned, 3 new machines installed. However, more advertising never hurts but there is not much more an operator can do to improve this business. The business gross sales are up over last year and they were up the year before. Not many businesses are growing as fast as this in this economy.
1st Class Coin Laundry In Clermont Close to Many apartments and homes
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