Coin Laundry Elston Avenue, Chicago

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Asking Price:
$89,000

Gross Revenue:
$88,600
Cash Flow:
$42,295
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Begining Buyers this may be for you! This is one of the easiest laundromats to manage and operate. The laundromat is attended between 3pm-10pm. there is an automatic door lock that opens the door at 6am every morning. You could operate this store unattended or fully attended and do drop-off which should more that pay for an attendant. This laundromat has been operating for many years under the same ownership and has had shown consistent sales. This a very clean and well-taken-care-of laundry serving its neighborhood customers. The store looks great, it is up to date and is located in a small strip-center, with plenty of parking right in front. It is located on a very busy street. This has a great potential for doing Drop-off laundry which has demonstrated good income when it was offered in the past. The owner is too busy with he full time job to continue operating the laundromat. The owner is willing to train the Buyer in the operation of this business so you do not have to have any previous knowledge of the business, just a willingness to own and operate your own business. Most of the equipment is newer and well maintained. I would suggest to act as soon as you can. This one will not last long.

About the Business

Real Estate:
Leased
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About the Sale

Reason For Selling:
Owner too busy with his day job

Listing Info

ID:
1425597
Ad Detail Views:
1421

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$
months
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Business Listed by

John Vassiliades

J. Vassiliades & Company

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