Listing ID: 71443
This laundry is located in the Providence area.
The laundry is approximately 2100 sf. Plenty of room to add other services
or operate another business besides laundry. There is parking on premise.
This is ideal for a beginner. Not much of an investment to learn the business.
The laundry needs to be upgraded. To start a new laundry just the build out, and utilities will far exceeds the price of this business alone.
For locaton and more information. Please click the link business website on this page This is the non-disclosure form. ID # wllnp complete the form filling the blanks, signed online and submit online.
- Asking Price: $69,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $70,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,100
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Owner has other interest
The company was established in 2021, making the business 1 years old.
The property is leased by the business for $1,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is very crucial that you not count totally on a vendor's word, but instead, use the vendor's solution in conjunction with your total due diligence. This will repaint a more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that profit margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new clients? Many times, businesses have repeat customers, which form the core of their everyday revenues. Specific variables such as brand-new competitors growing up around the location, road construction, as well as staff turnover can impact repeat customers and adversely influence future incomes. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the chance to build a returning client base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the local average household income impact future income prospects?