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Business For Sale

Profitable Coin Op Laundromat For Sale!

Memphis, TN, USA

Services: Dry Cleaning & Laundry

Asking Price:
Year Established:
Employees:
Listing Number:
$375,000
1999
1
474623405
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$192,000
$96,000
$96,000
$300,000

Business for Sale Overview:

High volume coin-operated laundromat, generating a cash flow around $95,000 annually for the seller who has owned this business for seven years. This is an excellent location for a coin-op laundromat as this area is conducive for partons using coin-operated machines for washing and drying their clothes as there are a number of apartment complexes as well as residential homes absent of washers and dryers, surrounding this business. This is a free standing brick building which was built about ten years ago specifically for a laundromat. The present owner states that he spends between four to six hours per week at this location as he pays an independent contractor to run the day to day operation, giving that person the opportunity to sell detergents, snacks, and fluffing and folding, allowing her to hire extra help from what she brings in from selling condiments. According to owner, this business is profitable, grossing around $16,000 per month. Owner states he is selling because his wife who is employed by a major Airline is relocating to east Tennessee to keep her job.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Reason for Selling:

Relocation

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.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Profitable Coin Op Laundromat For Sale!
Business Listed By:
Jennifer Winburn
Elite Business Brokers
contact the seller
Due Diligence Checklist and Guide
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