Profitable Laundromat in Gwinnett - Amazing Business Opportunity!

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Asking Price:
$599,000

Gross Revenue:
$29,500
Cash Flow:
$17,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Clean, Spacious, and Profitable!
Turn-key, established laundromat for sale in Gwinnett County. Excellent location! In a busy, high traffic shopping plaza - Surrounded by densely populated neighborhoods. AREA IS GROWING tremendously with new apartment buildings construction nearby.
Equipment in EXCELLENT condition! Incl. 49 washers & 48 dryers.
The laundromat is very clean, well lit, well maintained and has lots of parking up close for easy access. Current owner has done all the major work: Added some NEW Machines (now about 2.5y/o), NEW LED Lights, NEW A/C unit (now about 2 y/o), KIDS AREA, game room, and more. This laundromat is generating excellent cash flow! PT operating owner Nets $194K/yr. Revenue is mainly from COIN sales, other revenue includes wash/dry/fold service, vending machines, video game machines, and sales of ancillary items. Long term staff with one attendant on duty during hours of operation, Owner works PT. There is a great opportunity to increase income by promoting dry cleaning drop off and/or residential/commercial wash/dry/fold delivery or drop-off service.
This is a MUST SEE!

About the Business

Year Established:
2006
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
5,000
Lease Rate/Sq. Ft./Mo.:
$0.60
Facilities:
This laundromat has a leased location of approx. 5,000 Sq. Ft. with total Monthly Rent of $3,000. Equipment includes: 60 lb, 40 lb, 30 lb, & 20 lb Washers. / 60 lb & 30 lb Dryers. All vending equipment is owned by seller and will be transferred to buyer at closing. PT Owner with 1 Employee and 1 Cleaning Lady. Hours of operation are 8am-9pm Mon - Sun.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
1-2 weeks

Listing Info

ID:
1555615
Ad Detail Views:
684

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$
months
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Business Listed by

Arianna Pujals

Main Source Realty
License# 384895

 Show Phone Number

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Sponsoring Broker:

CELINE ZEIDAN
Main Source Realty
License# 284852

U.S. Census Data for Gwinnett County, GA
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 Gwinnett County, GA
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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