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
Building Sq. Ft.:
$1.06 Per Month
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.
Competition has already been absorbed, and business is normalizing.
Asking Price: $897,000 Gross Revenue: $334,000Cash Flow: $138,500 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare 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.
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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
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