Under Contract - Self Service Coin Laundy

Triad, NC

Asking Price: Annual Revenue:
$275,000 $133,000

Services: Dry Cleaning & Laundry

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RE: Under Contract - Self Service Coin Laundy Broker: Shanon Madrid

Quick Facts

Asking Price: $275,000
Annual Revenue: $133,000
Net Profit: Not Disclosed
Cash Flow: $53,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 1
BBN Listing #: 898149171
Broker Reference #: DURHANC001-N96

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Business Overview:

17-year-old self-service laundry for sale; 7 years in current location in high traffic plaza anchored by Family Dollar and numerous restaurants. Absentee owner is finding it difficult to manage from afar. Owner is doing the cash collections twice a week at 6800/mo, including revenue from a soda machine and 40% of proceeds from game room machines. Doors are automatically locking with high grade security cameras onsite. There is a full-time cleaner that attends to the laundry mat twice a day. Machines are serviced by two local technicians keeping everything in tip top shape. Laundry is situated in 4000 square feet at $3,000/mo. They are in year 6 of a 10-year lease with (1)10- year option. Machines only occupy 75% of space so plenty of room to grow. Inventory consists of sizes to support all clients. Dryers consist of 31 Stack Max Load Dexter dryers and 2 TD67 Wascomat Dryers. Washers consist of 12 Dexter Triple Loads; 4 Dexter double load washers; 2 Wascomat W655 Giant washers; 3 W630 Wascomat Super Junior and 4 W260 juniors. All machines are cash however they can be adapted to card. 1-coin change machines onsite with soap dispenser. There is an area for wash and fold service which is a growth opportunity for new buyer. For more information, please contact Shanon Madrid via cell at 919-624-9275 or smadrid@sunbeltnetwork.com.

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Reason for Selling:

Moved out of the local area and wants to retire.

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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