Newly Retooled Laundromat for Sale South MPLS

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Business Description

This listing is a Laundromat based South Minneapolis. The equipment is all less than 2 years old. This Laundromat is being run mostly unattended, with automatic locks for opening and closing. Some competition came into the area and initially affected sales, but the competition has already been absorbed, and customers are coming back. There are many opportunities to grow sales including advertising and offering other services such as wash and fold or dry-cleaning drop off.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
4,495
Rent:
$1.06 Per Month
Facilities:
The business operates in a 4,495 square foot location with a monthly base lease of $4,775. The lease is extended out to 2033, with very low increases. A full equipment list is available.
Market Outlook/
Competition:
Competition has already been absorbed, and business is normalizing.
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About the Sale

Reason For Selling:
Other business holdings, restructuring
Seller Financing:
Seller will finance a portion of the sale

Listing Info

ID:
1582661
Ad Detail Views:
0
Asking Price:
$897,000

Gross Revenue:
$334,000
Cash Flow:
$138,500
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Mac Thelen

Opportunities In Business

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Sponsoring Broker:

Thomas Green
Opportunities In Business
License# 102872

U.S. Census Data for Anoka and Hennepin Counties, MN
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 Anoka and Hennepin Counties, MN
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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