Established Coin Laundry Near PBI

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$230,000 $165,000

Services: Dry Cleaning & Laundry

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RE: Established Coin Laundry Near PBI Broker: Tom Milana
Owner Financing is Available!
Loan/Seller - Amount: $30,000 Months: 36 Rate: 8.00% Monthly Payment: $940.09

Quick Facts

Asking Price: $230,000
Annual Revenue: $165,000
Net Profit: Not Disclosed
Cash Flow: $52,500
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 2
BBN Listing #: 6230630
Broker Reference #: 0101761003

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Business Overview:

Location, Location, Location Established for over 40 years, this lucrative coin laundry is situated in the surrounding neighborhoods of PBI. Dependable attendants oversee the multi-capacity washers and dryers in addition to providing expert wash-n-fold services by the pound and offering laundry and vending machine products. Each customer is offered a VIP client services loyalty card, which keeps them coming back week after week. There are about 40-machines (20 washers, 20 dryers) all dated but fully operational and earning. The current operator spends about 10 hours per week on maintenance and accounting and may be relocating outside the country. A small amount of seller financing is available to qualified purchasers. This Florida-based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower-middle-market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Tom Milana. Please refer to listing #0101761003.

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Property Features and Assets:

Lease/Month: $2,803; Square Footage: 1,495; Building Type: Strip Center; Terms & Options: one 3-year option; Expiration Date: 8/20/2025.

Market Competition and Expansion:

Non Compete : Miles: 25 Years: 3

Reason for Selling:

Relocation/too far from home.

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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