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Business for Sale Overview:

The business can best be classified as a “worker’s” Laundromat that produces on average $12,653 in weekly sales. 67% of their business is commercial pick up and delivery business, in which the business provides laundry services to 18 commercial accounts. The balance of the business stems from retail walk-in business consisting of traditional coin laundry business, drop off, drop off dry cleaning, and the sale of soaps. The business owns 36 machines. 24 of the 36 machines are Wascomat washers which consist of (14) 18lbers, (4) 20lbers, (4) 35lbers, and (2) 50lbers. In addition, the business owns (12) American Dryers (Double Stack) and (1) passenger van used to pick up laundry from their 12 drop store accounts. The machines and boiler are 8 years old. The new owner will receive a new ten year lease with 3.5% increases yearly. The current rent is $4,480 + $1,200 per year in real estate taxes. Finally, considering this is a “worker’s” Laundromat, the current owner works full time hours to operate the store.

Property Features and Assets:

2,000 square footage.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.