Business For Sale

Business Overview:

This is a laundromat located next to a convenience store with parking. The laundromat is well equipped. They have equipment to reduce their cost for soap by buying it in concentrated form. Estimated gross sales $96,000. Estimated operating expenses: Rent $21,600, gas $15,000, electric $5,000, insurance $2,000, phone /cable $1,200, supplies $5,000, repairs $2,300. Estimated total operating expenses before payroll and wages $52,100. This information was obtained from the seller. The broker does not certify, warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market. The broker represents the seller in this transaction. The buyer must use due diligence to verify this information. This is for SALES PURPOSES ONLY.

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:

FF&E of $100,000 is included in the asking price. Equipment list: 5 Speed queen 30#, 5 double pocket Wascomat dryers, IPSO #50 washer, Speed Queen #40 washer, Launderette #30# washer, 2 Speed Queen #29 washers, 3 Speed Queen #18 washers, 9 Norge single pocket dryers, 4 double Pocket Speed Queen dryers, 3 Speed Queen 50# dryers, 3 launderette #20# washers, IPSO #30# washer, Speed Queen #40 washers, Hublesch #40 washer, 3 Speed Queen #20# washers, 10 Whirpool top loaders, 2 Frigadire top loaders,boiler, hot water tank, etc.

Market Competition and Expansion:

Competition: There is competition near by. The store prices for washing is very reasonable even if the competition offer free dry, but the competition's prices overall are higher. Growth/Expansion: They can do more commercial accounts but they do not have the time.

Reason for Selling:

Commute too long.

Additional Details:

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