Business Overview

Convenient and efficient laundromat for sale. This is a turnkey business located in Kent County with the option to purchase real estate. Clean, spacious establishment with excellent service and reviews. The machinery has been well-maintained; some are old and some are new. If you are looking for a business that is profitable even in an economic turndown, this is it.

Financial

  • Asking Price: $150,000
  • Cash Flow: N/A
  • Gross Revenue: $94,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,120
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner is willing to train.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the true factor and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is extremely crucial that you not depend totally on a vendor's word, however rather, use the seller's answer combined with your total due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that revenue margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in new consumers? Often times, operating businesses have repeat clients, which form the core of their daily earnings. Certain aspects such as new competition sprouting up around the area, road construction, as well as employee turn over can impact repeat customers and also adversely influence future earnings. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the local median family earnings impact future earnings potential?