Asking Price: $149,900 Gross Revenue: $88,803Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $800 not included in asking priceFF&E: $114,619 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.
This business was created in 2015 by the current owner. It operates as an LLC with the seller as the sole member. The laundromat is located in a 2800 square foot space in a vibrant strip mall on a main city street.
There is consistent demand for the retail laundry service in the community which includes dry clean drop off/pick up, wash and fold services, as well as “coin-op” washer/dryer facilities. Most of the business is retail individual customer usage, although there are a couple of institutional customers for wash and fold service as well.
This laundromat relies on a local customer base for the majority of its retail washer/dryer business; however, there is a “tourist” component which also supplements local business. When the tourists are in the area (June through October and December through March, roughly), the laundromat is busier with the variable of rental guests, hikers, and campground guests using the washer/dryer facilities.
About the Business
Number of Employees:
Building Sq. Ft.:
The leased space is plus or minus 2800 square feet, all on one level. There is ample parking in the parking lot in front of the Laundromat. The laundromat is housed in a well maintained commercial strip mall and the facility itself, only two years old, is in excellent condition. The two year old build-out includes state-of-the-art Rinnai on-demand water heating for all washers. An ESD card system is in place on all dryers and washers, which eliminates the use of quarters, facilitates revenue collection, and protects against slippage. All furniture, fixtures, and equipment are in good to excellent shape. The public areas of the laundromat are clean, well maintained, comfortable, and appealing to customers.
The laundromat is the only facility of its kind in the area and one of only two facilities in a 10 mile radius.
Growth & Expansion:
This business’ growth potential is unlimited with a hands on, on-site, owner operator who is invested in the business, the customers, and the community. The profitability of the business can also be positively impacted by an owner-operator absorbing much of the payroll that exists now which is necessary because of an absentee owner. Positive revenue results could also be immediately realized with increased institutional and commercial wash and fold accounts and more aggressive awareness marketing of all services available at the Laundromat, to both commercial/institutional entities and local residents. Greater promotion and advertising of the retail washer/dryer aspect of the business is also critical in increasing potential revenues with little impact on relative expenses. Lastly, a social media/on-line presence is currently non-existent so by creating a website, a Facebook page, and other social media activity will immediately and positively impact business growth.
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
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