Asking Price: $350,000 Gross Revenue: $421,992Cash Flow: $57,000 (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.
This is a 5,000 sq. ft. laundromat located in a dynamic west side area of Chicago. It is loaded with newer washers and dryers. Washers range from 18# to 75#. There is a complete service bar with big box soap sales, snacks, and Lottery sales. Located on the busy main street of Western Avenue next to Shell Station and a McDonalds in the heart of Chicago. This laundromat is housed in its own free standing building with plenty of off street private parking. There are solar panels on the roof to help heat the water which is a big savings in the gas bills. This is a full service Laundromat with very friendly and experienced employees providing drop-off laundry and pick up and delivery in addition to self service . The sale price is an opportunity cost to be able to take over a fully functioning and operating laundromat. There is a great opportunity to increase income by promoting commercial drop-off wash and fold. If you are looking for a high cash flow business that can be operated on a part time bases, this is the one. Call soon to take advantage of this rare opportunity.
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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
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