Business Overview

Well maintained, Very clean, Very Busy area in Queens, NY. Machines are well maintained and all working. 20 Washing machines and 18 Dryers: Great potential and need for Wash & Fold as none exist. Opportunity to increase sales and add additional streams of income.
Monthly Sales and Revenue $8,000
roughly $500 in product sales, $4,500 in Self-Serve and $3,000 in Wash & Fold Service
Monthly Expenses roughly $5,200
Rent $3,000, Gas $600, Electricity $600, Water $1,000. This is one worth looking at.

https://youtu.be/WcHTpH0ymQk

Financial

  • Asking Price: $150,000
  • Cash Flow: N/A
  • Gross Revenue: $96,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $2,000
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

other interest

Additional Info

The business was founded in 2003, making the business 19 years old.
The transaction won't include inventory valued at $2,000*, which ins't included in the asking price.

The business has 1 employees and is located in a building with approx. square footage of 2,500 sq ft.
The real estate is leased by the company for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 totally different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in profits, or a range of other reasons. This is why it is really essential that you not count completely on a seller's word, yet instead, utilize the seller's response combined with your total due diligence. This will repaint an extra sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too small. Numerous 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new consumers? Often times, companies have repeat consumers, which create the core of their day-to-day earnings. Specific elements such as brand-new competitors sprouting up around the area, roadway building and construction, and also staff turnover can impact repeat clients as well as negatively impact future earnings. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the regional mean house earnings effect future earnings potential?