Coin & Card Laundromat

Athens, TN
McMinn County

Busy intersection in growing district


Asking Price: Annual Revenue:
$511,990 $152,000

Services: Dry Cleaning & Laundry


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RE: Coin & Card Laundromat Broker: Kristen
Owner Financing is Available!
90% down.

Quick Facts

Asking Price: $511,990
Annual Revenue: $152,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $253,500
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 896053684
Broker Reference #: 110416-12

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Business Overview:

Come see this state of the art Laundromat. Amazingly clean and well-organized business in a growing area. Low Rent, low utilities, and well located boasting a customer base of over 3,500 that can be proven. Equipped with two lounge areas, sparkling restrooms, vending machines and much more. Vending machines and arcade games in the store net a 30% commission with no cost to the owner. Contracted with 3 nearby hotels for valet service.
Very little competition-with a net operating income as a percent of sales from 25-40% year after year.

Centrally located in a favorable shopping district. This business was the first Laundromat to have card processing capabilities in the state. Stable business model with state of the art laundry with all the available technology and efficiency including timed locks, 24/7 security and mobile access to cameras. This business is absentee owner friendly. You can easily copy the business model for franchise opportunities.

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Property Features and Assets:

All new equipment awaits you, with washers for 80 lb loads to as small as 15 lbs.; and dryers from 75 lbs. to 35 lbs.--The best, most economical equipment available in the area. 3,000 square feet facility at $1,625.00 per month (all inclusive lease). 4 years remaining on the lease with a 10 year renewable option. Plenty of well lit parking provided. Located at busiest intersection in the area.

Market Competition and Expansion:

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at Kristenb@tnbizbrokers.com or call us at 1-615-586-1935.

Reason for Selling:

Retirement

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.

Documents:

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