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Business For Sale
COIN LAUNDROMAT - GREAT STARTER LOCATION
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Asking Price: |
$110,000
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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Owner's travel schedule |
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# of Employees:
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Three |
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Yearly Revenues:
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$146,856 |
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Monthly Payroll:
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$$18K/yr |
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Total Debt:
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$65K |
Business for Sale Overview:
Clean and modern store. Plenty of parking. Great area and shopping center was just remodeled. Owner's travel forces sale. Sales are mainly coin plus some wash and fold and light commercial accounts. Hands-on owner will net $43K per year. Current owner has 3 employees who make $18,720 per year, leaving $25,000 net. Central air, nice private office, great potential. Price is $100K cash, or $110K with $55K down and seller financing for balance. See photos at www.coinlaundrysales.com
Property Features and Assets:
2,620 square feet store. Brand new lease runs to December 2013, then two five-year options. $3,472/mo rent until June 2009, then $14 per square feet until November 2011. Annual 3% increases from 2011 to 2023. $2,000 security 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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