Coin Laundry (Price: $80,000)

Modesto, CA

Asking Price: Annual Revenue:
$80,000 Not Disclosed

Services: Dry Cleaning & Laundry

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RE: Coin Laundry (Price: $80,000) Broker: Nirvail Singh
Owner Financing is Available!

Quick Facts

Asking Price: $80,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 244732986
Broker Reference #: Not Disclosed

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Business Overview:

Business price: $80,000

-- Gross sale: $6,500 /month.
-- Store size: 1,100 square feet estimated.
-- Owner owns the business from last 3.5 years.
-- Business Hours: 8am to 9pm.

-- Equipment: Almost 12 years old.
-- 19 Single washer machines. Washers can handle up to 50 lbs.
-- 8 dryers. Dryers can handle 30 lbs.

-- Rent: $1,242 /month.
-- Electric Bill: $350/month average.
-- Gas Bill: 600/month average.
-- Water & Sewer Bill: $450/month average.
-- Repairs: $200/month average.

Total Expenses: $2840 /month.

-- Lease: 5 years left (But buyer can get new long lease from landlord).
-- Reason to sell: Owner want to move out of state.
--Owner can carry the rest of balance with $50,000 down payment for qualified buyers only.

Prospective Buyer needs to sign Confidential Agreement before any further information is provided.

Notice: Buyer understands that Western Singh Brokers ("Broker") or its agent(s) does not audit or verify any above information given to or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other facts which might influence Buyer's purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer's own investigation and that of Buyer's legal, tax, and other advisers and not that of Broker or its agent(s).

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Reason for Selling:

moving out of state

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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