Business Overview:
* Asking Price $39,000-$49,500 * Gross Sales Range from $42,285- 151,079 for the trailing 12 months January 09 - December 09. All non-profitable for Seller. Financial reporting period trailing 12 months January 09-December 09 (* Downpayment $39,000-$49,500). These coin op laundries are all in very well established locations with upside for capitalized savvy buyer. They are for sale individually - prices have been slashed to rock bottom at basically Seller's estimated orderly liquidation or less for quick sale. They need to be owner-operated with attention to keeping the equipment in working order at all times. Operating hours 7 days - 700a-1100p. These are opportunities for one to get in for pennies on the dollar and make improvements overtime, or improve all at once if the working capital is available without having to start totally from scratch. The purchase prices are basically for equipment, utilities in place, established location and lease assumptions. FFE varies by location. 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:
Approximately 10+ coin laundries locations spread out over the metroplex. Equipment is mostly older Speed Queen machines. Square footage varies by location.
Market Competition and Expansion:
These are all turnaround locations that need TLC and some improvements.
Growth and Expansion: The individual locations could be improved as to appearance - i.e. revarnish the floors, paint the ceiling tiles and walls, replace washer tops if appearance negative, as well as repaint the fronts if need be for appearance, replace any machines on their "last leg" and/or replace equipment over time. At these prices, one could even potentially replace all the equipment for less than cost to install a new laundry.
Reason for Selling:
Corporate Divestiture - All Turnarounds
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 a distressed business or bankruptcy situation.