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Business For Sale
COIN LAUNDROMAT - CHEAP RENT GOOD POTENTIAL
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Asking Price: |
$75,000
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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Moving |
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# of Employees:
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Family run |
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Yearly Revenues:
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$88,816 |
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Total Debt:
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$25,000 |
Business for Sale Overview:
Nice owner-operated store is well-established in the Hollywood area. Owner is moving out of the country. Owner currently nets $32,000 per year but much higher sales are anticipated with proper marketing and promotions. Gross sales are $88K/yr. Price is $75,000. Buyer gives $50k down and assumes note (6%) with $25,000 balance. See photos at www.coinlaundrysales.com
Property Features and Assets:
2,500 square feet store in busy strip plaza - located on very busy road. Rent is just $1,749 per month. Lease runs to June 2010 with one $50 increase per year. Then 2 five-year options to 2020 with one $600 increase per year. $3,000 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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