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Business For Sale
COIN LAUNDROMAT - READY TO RETIRE
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Asking Price: |
$170,000
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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Retiring |
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# of Employees:
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None |
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Yearly Revenues:
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$149,552 |
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Total Debt:
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$None |
Business for Sale Overview:
Clean and nice store - owners retiring after 17 years. Located in a nice safe shopping plaza with plenty of parking. Plenty of extras include 5 security cameras, electric clothes conveyor, etc. $149,552 per year gross sales are with short operating hours: Mon-Sat 7:30 to 8:30pm, Sun 7:30 to 6pm. Working owner will net $77K per year with these hours, and extending these hours should result in higher profits. Price is $170K and seller will hold paper with $90K down payment. See photos at www.coinlaundrysales.com
Property Features and Assets:
Nice store is approximately 1,300 square feet. Rent is $2,226 per month. Lease runs to August 2010, then one two-year option to August 2012 with annual 5% increases. $2,000 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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