Business for Sale Overview:
Price has been reduced for quick sale!! New owner would need the capability of garnering more sales, keep the store clean, repaint, maintain the equipment, etc. Sale is for equipment only (less than FMV in use in place according to Seller's estimates - and basically orderly liquidation value or less.) Located in the Oak lawn area a new owner could add bundle service and market the location at least once a year. Contingent upon Buyer Negotiating a new lease with the Landlord after the offer is accepted. Equipment will be in working order at closing. All else is "AS IS" (i.e. if any expense is necessary to receive a C.O. (certificate of occupancy) at this fire sale price this will be the Buyer's responsibility. This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
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:
2,475 square feet at $4.779 per month including NNN. Lease expires November 2010. Open 7 days, 7am to 11pm. Equipment - (35) top loaders; (2) 18-20 lb front loaders; (8) 25 lb front loaders; (2) 35-40 lb front loaders; (24) dryers
Market Competition and Expansion:
This is a turnaround situation, meaning it is currently losing money and needs new owner to operate, fix any issues and get it into the black. Sale is simply an asset sale and assume lease. NEEDS TLC & MARKETING.
Reason for Selling:
Corporate Divestiture
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.