Long Established Laundromat

Asking Price$299,000

Cash Flow
$42,516
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$220,116

InventoryNot Disclosed

FF&E$400,000
Included in asking price
Real EstateNot Disclosed

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Long Established Laundromat


Asking Price$299,000

Cash Flow
$42,516
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$220,116

InventoryNot Disclosed

FF&E$400,000
Included in asking price
Real EstateNot Disclosed

Business Description
Long Established Laundromat
LISTING ID # 37095

Long Established Laundromat. Still open and operating for over 40 years. Fully staffed. The owner recently passed away and his family is now selling this business. A prime location with a large parking lot. The laundromat is 2,000 sq. ft. with 24 Speed Queen Washers and 25 Speed Queen Dryers, approx. 11 yrs old. On a sewer system. They have 2 FT and 2 PT employees in place. The current rent is $3000/mth. The family that owns the business also owns the shopping center. They are willing to offer a 20 year plus lease to a well-qualified buyer. In fact, there is an adjacent 2,000 sq ft space that can be expanded into if you wish to build a mega laundry. They currently offer coin laundry and wash and fold service. No dry cleaning drop off or pick up and delivery service. Those can be added by a new owner. The entire shopping center is also available for sale through the owners! We are seeking a serious and financially qualified buyer with at least $299K in liquid funds. Proof of funds will be requested prior to any buyer-seller meetings or phone calls. To learn more, please call the broker. All site visits must be very discreet.
About the Business
Years in Operation
40
Number of Employees
4
About the Sale
Seller Motivation
Owner passed away
Transition Support
Seller will train
Listing Info
ID
2410940
Listing Views
138

Contact Seller

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Business Listed by: Vested Business Brokers, Ltd Vested Business Brokers, Ltd

Listing ID: 2410940 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 of Use. Learn how to avoid scams.


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