Coin Laundromat with 30 Washers and 23 Dryers

Waterbury, CT
New Haven County


Asking Price: Annual Revenue:
$79,900 $143,289

Services: Dry Cleaning & Laundry


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RE: Coin Laundromat with 30 Washers and 23 Dryers Broker: C. J. (Charlie) Vlahos
License #: 400
Owner Financing is Available!
If qualified, Owner will consider financing 30% of the Listed Price at 7% over 2 – 3 years.

Quick Facts

Asking Price: $79,900
Annual Revenue: $143,289
Net Profit: Not Disclosed
Cash Flow: $27,988
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1955
Employees: 4
BBN Listing #: 9272770
Broker Reference #: 400

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Business Overview:

This is a Laundromat that’s been owned by the same family for 63 years.

It has 21 dryers and 23 washers in the front and 2 - 50 lb dryers and 6 washers in the back dedicated to a wash & fold business that also delivers. The wash and fold business is over 30% of total sales. They even have an extractor in the back.

Hours of operation: Monday thru Friday 6:00 to 9:00, Saturday and Sunday 6:00 to 6:00. The store has automatic front door opening at 6:00 AM.

It is estimated that the total cost of the machines with installation is +/- $65,000. These machines are old but work good because they have been meticulously maintained over the years. Estimated fair market value is +/- $25,000.

Sales for the new Owner is estimated to be +/- $143,289. The net (after all business expenses) is estimated to be +/- $27,988 (Owner’s Cash Flow).

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Labor includes a working Owner, 2 wash & fold part timers and night part timers. Estimated labor expense for a new Owner is +/- $35,724 - +/- $687/week (without counting a withdrawal for the working Owner who gets everything after expenses (see above’s +/- $27,988). Reason for Sale – Owner is retiring. If qualified, Owner will consider financing 30% of the Listed Price at 7% over 2 – 3 years. This is a great opportunity for someone thinking of getting into this business. Rent is +/- $1,678 per month. Utility Expenses are +/- $1,640 per month.

Market Competition and Expansion:

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

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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