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Business For Sale
COIN LAUNDROMAT - FULL SERVICE WITH GOOD EQUIPMENT
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Asking Price: |
$220,000
USD USA Dollars
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Business for Sale Industry: |
Services: Dry Cleaning & Laundry
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Reason for Selling:
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Attending school for new career |
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# of Employees:
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Three |
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Yearly Revenues:
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$172,274 |
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Total Debt:
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$+/- $32K + $21K |
Business for Sale Overview:
Same owner since 2001. Clean and attractive store. Sales are mainly coin with light services. Owner works 5 hours per wk and staff covers remaining hours - staff is paid $35,000 per year. Absentee owner should net +/- $31,000 per year. $71,690 per year net for hands-on owner or family. 2006 upgrades: 8 Speed Queen front load washers, 4 stack 30-lb dryers (8 pockets). 2007 upgrades: soda machine, $1-20 bill changer, digital scale. Price is $220,000 with $100,000 down and seller financing for balance or $200,000 cash price. See photos at www.coinlaundrysales.com
Property Features and Assets:
1,920 square feet. Rent is $3,200 per month. Lease runs to Sept 2011 with annual 5% increase, then one five-year option with same terms. $2,200 security deposit.
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.
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