Hot Listing

Absentee & Unattended Laundromat - Near Jenks, OK $69,000

Asking Price$69,000

Cash Flow
$22,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$60,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Absentee & Unattended Laundromat - Near Jenks, OK $69,000


Asking Price$69,000

Cash Flow
$22,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$60,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Seller has owned this location over 18 years. He visits once a week to collect coins and work on machines.

Absentee & unattended laundromat NEAR Jenks, OK.

Well appointed store in free standing building plenty of parking.

3 year lease at $500 first year and then escalates $100 per year. Landlord will extend lease.

Square Footage = 1000 -1200 sq. ft. Laundromat has auto lock doors that owner uses in morning only. He has 2 person cleaning crew that cleans up and closes every night for $15 day.

49 machines approx. 20-30 years old but some newer as they were replaced over the years. Currently 2 machines out of service so they are well maintained.

30 washers & 19 dryers.

This store does not do any wash & fold or PUD (pick up & delivery). Excellent growth area if new owner is interested in growing business.

The current owners have a cleaning service that clean store for $15 day. He also pays a person $60 to come in for 4 hours every Sat to assist customers and maintain & repair machines. Net profit increases $6500 a year to almost $30,000 if new owner does this themself.

Great Opportunity to own a long established business that has been well maintained by its long term owner.

Current owner has been here 18 years and has made a nice profit each year. Seller did say that it is critical that new owner take an active roll in repairing machines also, like he does.

This is a store that can provide good steady additional income. There is growth potential if you build wash & fold.

List Price = $69,000- FIRM
Nothing Less Will Be Considered
Cash Offers Only.
About the Business
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,100
Rent
Not Disclosed
Listing Info
ID
2405529
Listing Views
1061

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Business Listed by: John M. Bedosky JB & Associates

Listing ID: 2405529 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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