Business for Sale Overview:
Business location is in a blue collar neighborhood of Pompano Beach, Fl. and just far enough off the beaten path to be familiar for the locals. The Seller just acquired the business, refurbished it including a totally new front entrance and reopened it. Very shortly his father in Egypt had a stroke and he must go there to run the family business for an indefinite period of time. He is here to liquidate his assets and will help with the transition to a new owner.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business assets include 9 dryers, 21 washers; 1-35#, 11 - 20# and 9 - 15#. 1-bill changer machine, 1 soap machine; 1 microwave and 1 refrigerator; oversize water heater. The Seller is including 6 months prepaid rent and $ 3,000 in paid inventory in the sale.
Market Competition and Expansion:
This business has the huge benefit of very low rent ($ 700 per month) to be able to pass on low costs to their customers. The surrounding area are people who would use a coin laundry and they are very cost conscious. An ambitious operator could attract large numbers of customers with some local ads or flyers. Also the location is ideal for a dry-clean drop store.
Reason for Selling:
Owner relocating to Egypt
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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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