Owner Financing is Available!
Business Overview:
2011 revenues and profits are well up over 2010 ! Unquestionably among the top laundries in Brevard County and THE largest and cleanest laundromat in the area! With modern appointments and bright lighting, this established facility is well-located amid a series of apartment complexes, several attached units, and a nearby major employment area. It is also located in a shopping center on one of the top two commuting arteries in the county, with over 38,000 vehicles per day. The roadway has just finished a major widening and refinishing that is expected to generate even more drive by traffic.
Equipped with energy efficient, tankless water heaters in 2006, the owner has made numerous upgrades and replacements within the last two years, making this a “walk right in and take over” situation. It has a great mix of equipment and a large deli area, a lounge with sofas and a 50” TV. The laundry does a strong wash & fold business and is a drop location for dry cleaning, alterations and rugs. And Lottery, of course.
This is an all cash business with a good return on investment and also makes a perfect recession resistant and/or part time retirement business with a nice cash flow for a working couple! A GREAT BUY - REDUCED FROM $249,000.
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:
Very clean 3,320 square foot facility with deli setup and lounge area in a modern shopping center. Current lease has 3 years left with a 5 year option. The equipment package includes two 50 lb. Wascomat front loaders, a 40 lb. Dexter front loader, three 25 lb. Unimac front loaders, eleven 15 lb. Continental front loaders, and sixteen 10 lb. Whirlpool top loaders, 7 Huebsch dryers, and Whirlpool stacked dryers with 36 pockets.
Market Competition and Expansion:
It's the dominant laundry in its trading area. It has the capacity to more than double its current business and also add additional on-site services such as ironing and pressing shirts, mail boxes, more food offerings and on-site alterations and repairs. Currently unused, there is a great set up for a deli or fast food operation inside.
Reason for Selling:
Owner has reached retirement age.
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 not a distressed business or bankruptcy situation.
Resources: