Asking Price: $1,375,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
Laundromat with Real Estate and vacant lot for sale in Northeast Minneapolis. The Laundromat operates unattended and is remotely monitored as needed by the seller through a newly installed security and camera system. A contracted cleaning crew comes through daily and coin collections are done twice a week. All equipment is meticulously maintained. This is a perfect addition to an existing investment portfolio, 1031 exchange, or acquisition for a first-time business owner. SBA pre-approved financing is available with favorable terms.
About the Business
Number of Employees:
The laundromat operates in in 4644 square feet of the building owned by the seller and included in the offering. The Seller currently rents a vacant lot to a neighboring business on leased terms. A full rent roll and equipment list is available. Many improvements have been made to the Property and Laundromat including environmental mitigation, updated HVAC, windows, vending, and security systems. The buildable adjacent lot is included in the Sale.
Laundromat, Real Estate, and Commercial Lot for Sale in NE Minneapolis
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.