High Income Coin Laundry for sale with Property - Perfect Business!

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Asking Price:
$725,000

Gross Revenue:
$460,080
Cash Flow:
$220,080
EBITDA:
$220,080
Inventory:
$1,000
included in asking price

FF&E:
$400,000
included in asking price

Real Estate:
$1,200,000
not included in asking price

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Business Description

**** Currently Under Contract ****

High volume coin laundry for sale in East Dallas, business only or property as well. Well established business on prime hard corner location with very steady clientele base! This is an excellent, high income, semi-absentee owner business. Clean, bright, well maintained facility with top notch customer service. Owner involvement is about 20 hours per week. The current owner can also manage this store for you after acquisition for $1,800 per month creating a perfect absentee owner business!

This listing is available with two options:

1. Buy business only for $725,000
2. Buy business and property together for $1,850,000

Monthly average gross income: $32,340 + misc income
Monthly average expenses: $19,000 (operating expenses $11,200 plus $6,500 rent plus $1,300 nnn)
Monthly average net income: $13,340 + misc income
Annual average net income: $160,080 + misc income

Plus another $6,000 monthly net average miscellaneous income

If you buy the business and the real estate together you will also receive $800 monthly rental income.

Within the last 12 months owner has installed new roof, new air conditioner units, new hot water system, 2 new 80lb machines, 5 new 45 machines, 6 new 30lb machines and replaced all dryers.

Financing has been approved with 25-30% down payment for qualified buyers.

Direct buyers only contact me. If you are working with a broker or agent please disregard this listing. No co-brokering of this listing.

Email me back to receive an NDA for more info on this listing.

**** Buyer must show at least 30% liquid funds for down payment ability before any offer would be accepted ****

Business and Commercial Real Estate Financing Available
www.uptowncommercialcapital.com

About the Business

Year Established:
2000
Number of Employees:
3
Real Estate:
Owned
Facilities:
Coin laundry with all equipment
Market Outlook/
Competition:
Great location, hard corner, excellent visibility, plenty of parking, easy access
Growth & Expansion:
Continued top level operations will keep this business profitable for many years to come.
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About the Sale

Reason For Selling:
other business opportunities
Training/Support:
2 weeks
Seller Financing:
no, bank financing with 30% down, www.uptowncommercialcapital.com

Listing Info

ID:
1481181
Ad Detail Views:
1198

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U.S. Census Data for Collin, Dallas and Denton Counties, TX
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Source: Decennial Census (2010), United States Census Bureau.

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

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Report an Issue 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.
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