Listing ID: 77415
Listing # – 5152 LM
Clean, well-established laundromat, steady income and many repeat customers.
Located in a high traffic strip center of a major street intersection.
1,800 sq. ft. fully equipped, coin operated, no cards.
18 Huebsch top loaders
8 Huebsch 27 lbs front loaders
6 Huebsch 50lbs front loaders
2 Huebsch 80lbs front loaders
17 Huebsch double stack dryers
- Asking Price: $70,000
- Cash Flow: $20,800
- Gross Revenue: $119,500
- EBITDA: N/A
- FF&E: N/A
- Inventory: $300
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2000, making the business 22 years old.
The transaction doesn't include inventory valued at $300*, which ins't included in the requested price.
The company has 1 employees and is situated in a building with disclosed square footage of 1,800 sq ft.
The property is leased by the company for $2,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the genuine factor vs the one they say to you may be 2 absolutely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of other factors. This is why it is very essential that you not count completely on a seller's word, but rather, make use of the vendor's answer in conjunction with your total due diligence. This will repaint a more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering items such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new consumers? Often times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Specific factors such as new competition sprouting up around the area, road construction, and employee turnover can influence repeat clients and also adversely impact future incomes. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business often, the better the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the regional median home earnings influence future earnings prospects?