Cash Only Washateria-Laundromat 20 Yrs W/loyal Cus

Business Overview:

This is a cash only coin operated laundromat-washateria. For this neighborhood, most of the customers prefer to use cash and do not have debit or credit cards. There are not any formal financial statements available for this business. The buyer will work with the seller with their logs of money. Expenses are shown in the business opportunity report. SBA or bank lending is not available for the purchase of this business.

This laundromat  / washateria has 48 washers and 50 dryers. Dry cleaning services are outsourced with a 50/50 revenue split. The seller offers wash and fold service are offered for a minimum of 10 pounds at $1.50 per pound with same day service, this rate includes the cost for washing, drying, detergent and softener(if requested). Alterations are contracted out. There are vending machines with snacks, sodas and candies. Laundry supplies are also sold.

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Property Features and Assets:

Facility is leased with approximately 3,500 Square Feet current rent is $4,150 plus utilities, 48 washers and 50 dryers.

Market Competition and Expansion:

There is one other coin operated washateria and several card operated washaterias in the area. However the loyal customers prefer cash only as they do not have debit or credit cards.

Reason for Selling:

Health

Additional Details:

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