Listing ID: 75126
This laundromat has an automatic door that opens in the morning and closes at night! Please pay attention to this feature because this makes running the laundromat much less stressful for a new owner. Check out the rent it is very low so no stress there as well. All a new owner needs to focus on is maintenance and cleanliness. This place is great for supplemental income.
- Asking Price: $180,000
- Cash Flow: $50,000
- Gross Revenue: $102,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Excellent West Valley Facility of 895 sq ft
Other business interest
The business was founded in 2001, making the business 21 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is really vital that you not rely totally on a seller's word, but rather, utilize the seller's answer along with your overall due diligence. This will repaint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too tight. Many companies 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 obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new clients? Most times, companies have repeat clients, which create the core of their everyday profits. Specific aspects such as brand-new competitors sprouting up around the location, roadway construction, as well as employee turn over can impact repeat customers and adversely impact future profits. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the possibility to construct a returning customer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional average family earnings effect future revenue prospects?