Business Overview:
All figures documented by computer. Laundromat drop off/clothing boutique and building a truly valued purchase. Over all operation profit of $181,730. The most attractively assembled Laundromat a patron can enter. Resembles a nightclub in an aesthetically laid out facility and does business also kept extremely clean. Building of 4,400 square feet well planned and laid out to work with a minimum of payroll. Facility encompasses a lounge area for wash machine users. Laundromat and clothing boutique controled at Laundromat counter (minimal work force) in this environment new owner manager would never feel as if he purchased a Laundromat. Laundromat is 3,200 square feet has gross revenues of $217,700 net cash flow 131,730 boutique 1,200 square feet gross revenue $78,000 net cash flow of over $50,000 (everything sold at 300% markup) Owner takes salary of $30,000. Equipment list in Laundromat (machines 6months old with new full machine warranties.) All equipment Dexters. Washer 20-20lb, 4-30lb, 5-40lb, 1-50lb, 2-60lb. Dryers 18 DBL standard 35lbs, total 36 all with full extended warranties. Other internal equipment list: 2 flat screen TV, 60in and 48in, 10,000BTU instant water boiler (huge cost saver), 9 work tables, 1 soap dispenser, 1 coin changer, 2 enormous lounge chairs, 3 massage chairs, 2 personal computer hookups, 3 video games, central alarm, 14 security cameras-hooked up to various screens, 17 carriages. Plenty of equipment combined net cash flow for both businesses is over $181,000- for business selling at $495,000 a great deal less then 3 to 1 multiple and all machines have new warranties. This year after snow melt entire area had flood, owner was reimbursed $405,000 for equipment within 3 weeks from flood insurance. Building purchase price giving new owner security on investment for many years to come. Total cost $1,295,000 sold as package deal only. New owner cannot go wrong if he can afford it.
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:
4,400 square feet building with Laundromat 3,200 square feet and boutique clothing 1,200 square feet all equipment less than 6 month old and has original warranty- city parking across street parking next door plus street
Market Competition and Expansion:
Competition
Competition within two blocks away – scruffy Laundromat has been there for years.
Expansion
Pick up and delivery- which owner did before he became ill was extremely profitable-gave it up because of illness.
Reason for Selling:
Owner is ill
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: