Laundromat in Busy Location - 30317

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Laundromat in Busy Location - 30317
Asking Price:
$425,000

Gross Revenue:
$234,000
Cash Flow:
$117,993
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Laundromat in a mid-size strip mall w/ great parking. They offer 25 Primus washing machines and 32 Wascomat dryers in a 1,600 sq.ft space. All machines have been maintained thoroughly and are in good shape. The lease has 15 years remaining at a rent of $3,472/mth. In the past year the business grossed approx. $228,800 with a net cash flow of approx. $117,993.00. The owner works in the store 2-3 hours/week. They have a busy drop-off service. It also has customary vending machines for soap and coin changers. It has a sitting area where customers can watch TV. We are seeking a serious and financially qualified buyer with at least $325K in liquid funds. To learn more, please call the broker at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

About the Business

Year Established:
2001
Number of Employees:
4
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
Desires to return to Europe
Training/Support:
The seller will train the new owner.
Seller Financing:
325,000.00 Down & 100,000 for 2 years at 6%

Listing Info

ID:
1474331
Ad Detail Views:
353

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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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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