Asking Price: $690,000 Gross Revenue: $266,475Cash Flow: $90,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $650,000 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.
Price reduced from $920 to $690,000!
Completely renovated laundromat for sale. Recent interior retooling and renovation with brand-new Huebsch 200g Galaxy 600 machines. Ideal location in Essex,MD with chain grocery anchor, excellent demographics and loyal customer base (8+ years). Washer controls display in both English and Spanish. Accepts both cash and credit card directly at the control for customer payment flexibility. Fully attended, drop-off service, turnkey operation.
About the Business
Building Sq. Ft.:
This store has been completely renovated with top of the line energy efficient equipment and remote card system. Ownership involvement at this time is once a week to collect money from the card system.
Growth & Expansion:
Since store has been renovated, there has been no advertising or marketing effort at all and profit has still increased 26.08% organically. This increase will undoubtedly continue to maintain and increase into the following year without any involvement from the owner.
This location is fully attended and does not currently offer Wash Dry Fold Service. If owner involvement were to increase, marketing effort put into place and additional revenue sources instituted, growth will increase bottom line dramatically, thus allowing for quicker note pay off and quicker return on initial investment. The overall return on investment over the life of this equipment will therefore increase substantially.
**Price Reduced** Turnkey Laundromat for Sale in Essex
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 & Conditions.