Business for Sale Overview:
Absentee Laundromat, that has been established for over 25 years. Extremely well known for its consistent reputation of being a quality facility, from every aspect. It is currently absentee run, and the financial information reflects this. There is considerable room for growth, with the right individual, to expand the wash, dry and fold, as well as the dry cleaning end of this business. There are many businesses in the area, that could benefit from a pick up and drop off service. The landlord will allow a small portion of the unused space in the facility to be converted to a convenience store. (Tobacco and lottery could mean an exponential increase in the bottom line). The owner is willing to hold financing for a qualified buyer, and is willing to entertain the proper cash offer. As the business sits, this is less than a two year return for an owner operator. A 5 lease with multiple renewals just started and is assumable. This is a great deal in any economy.
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.
Reason for Selling:
owner is retiring
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.