Business for Sale Overview:
Price has been reduced for quick sale!! High risk as it is losing money. The right Buyer could clean the store, repaint, keep the equipment maintained consistently and market the business. Sale is for equipment only (less than FMV in use in place according to Seller's estimates - and basically orderly liquidation value or less.) Contingent upon Buyer Negotiating a new lease with the Landlord after the offer is accepted. Store hours 7 days, 7am-11pm. 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:
2,800 square feet at $3,660 per month including NNN. Lease expires June 2010. Equipment - (40) Top Load Washers; (3) 18-20 lb Front Load Washers; (5) 35-40 lb Front Load Washers; (2) 50 lb Front Load Washers; (22) Dryers; (12) Stack 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.