Business Overview:
This neighborhood coin laundry has been in business over 30 years and has consistently shown profits over that time period. This coin laundry is located in central El Paso and operates with the following equipment: 11 top loaders 9 double load front loaders 2 35 lb front loaders 12 Stack Dryers The laundry also performs a substantial amount of bundle service. This business could be an excellent investment for an owner who wishes to work part time. HOURS OF OPERATION: 7AM to 9PM Everyday (Including Sunday) (Gross Sales and EBITDA are based on the 12 months ending December 31, 2010). The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not 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:
The company currently rents approximately 1700 sq ft (@ $600/mo) in an older free standing building in central El Paso.
Market Competition and Expansion:
There are 2 other coin laundries within a 2 mile radius. All of these laundries have been open for a significant period of time. Most of the customer base for this laundry are from the neighborhood and walk to the laundromat. GROWTH POTENTIAL & EXPANSION – Current owner believes that substantial sales increases could be accomplished by putting in additional large front load washers. In addition, there is room to add an entire row of washers if the new owner wishes to do so
Reason for Selling:
Owner to pursue other business interests.
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.
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