**Price Reduced** Turnkey Laundromat for Sale in Essex

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Growing & Profitable Laundromat (Financing available)
Asking Price:
$690,000

Gross Revenue:
$266,475
Cash Flow:
$90,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$650,000
included in asking price

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Business Description

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

Real Estate:
Leased
Building Sq. Ft.:
4,400
Lease Rate/Sq. Ft./Mo.:
$1.34
Facilities:
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.
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Listing Info

ID:
1491676
Ad Detail Views:
2475

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$
months
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Business Listed by

Yuri Kovalenko

Transworld Business Advisors of Baltimore

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Sponsoring Broker:

Andrey Gustov
Transworld Business Advisors of Baltimore

U.S. Census Data for Baltimore County, MD
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Baltimore County, MD
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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