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Business for Sale Overview:

Laundromat (Coin Laundry) and Dry Cleaning Drop off business located in one of the most busy intersections of its trading are of a nice East Side suburb with a good supply of apartment buildings. Its revenues are about $180,000 per year and about 30% to 35 % of it comes from Dry Cleaning Drop-offs which the owner outsources to other dry cleaning businesses. The Seller is willing to substantiate the above information directly to interested parties after confidentiality agreements are in place. There is approximately $5,000 revenue coming from vending machines that belong to a 3rd party. These vending machines are available for sale outside the deal. The business was purchased in the early nineties by its current owner and was originally established in the early eighties. The business is operating from 7:00 a.m. until 7:00 p.m. (time of last laundry load) and is open 7-days a week with the exception of 7 major holidays. The shop has 35 washers, 27 top-loading washers and 42 dryers. The shop's boiler is in good condition and it has ample capacity to supply the needs of the washers. The shop has optional dry cleaning equipment in the event interested parties want to purchase them. The rent for this business is $2,186 per month and when the taxes and insurance are added, the monthly occupancy cost goes up to about $3,000. The asking price for the business without the optional dry cleaning equipment and the vending machines is $249,000. NOTE: This ad is subject to changes without prior notice.

Property Features and Assets:

Very attractive.

Market Competition and Expansion:

There is no other Laundromat within the trading area of this business. The Seller and the manager have not pursued actively new commercial account business in the last several years.