Eastern NC Coin Laundry For Sale - Absentee Owner

Eastern North Carolina, NC

Asking Price: Annual Revenue:
$175,000 $181,845

Services: Dry Cleaning & Laundry

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RE: Eastern NC Coin Laundry For Sale - Absentee Owner Broker: Shanon Madrid

Quick Facts

Asking Price: $175,000
Annual Revenue: $181,845
Net Profit: Not Disclosed
Cash Flow: $86,083
Total Debt: Not Disclosed
FF&E: $202,953
Real Estate: Not Disclosed
Year Established: 2013
Employees: 2
BBN Listing #: 544549171
Broker Reference #: DURHANC001-N64

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Business Overview:

5 year-old self service laundry for sale. Absentee owner is finding it difficult to manage from afar. Model has been changed to self service thereby saving the new buyer $54k/yr Father is doing the cash collections twice a week at 12k/yr. 26 Top of the line newest Maytag washing machines: (10) 60 pounders and (10) 40 pounders; and 28 Dryers split 50/50 coin and card. 2-coin change machines onsite with soap dispensers- ave $700.00/mo. Asset value is $203,000. Full remodel was in access of $540k. In year 7 of a 20-year lease. Assets available to relocate if potential buyer so chooses. Asking Price is firm at $175,000. For more information please contact Shanon Madrid via cell at 919-858-6853 Ext 101. or Smadrid@sunbeltnetwork.com.

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Reason for Selling:

Absentee Owner that has moved out of the area.

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.

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