Listing ID: 78545
If you’ve been looking for a well-located laundromat with almost new equipment that has all the modern bells-and-whistles, this is your opportunity.
Current owner recently equipped and staffed this laundromat and has only scratched the surface of location’s potential. There is room for more machines and opportunity to build up the wash-and-fold and commercial pickup / delivery volume given proximity to DC and its Maryland suburbs.
Almost 50 high-efficiency machines. Washers range in size from 35 to almost 80 pounds.
Nearest competitor is over two miles away with plenty of apartment buildings and homes nearby.
Give us a call as you won’t want to miss this one. Some seller-financing offered.
- Asking Price: $525,000
- Cash Flow: $72,000
- Gross Revenue: $255,000
- EBITDA: N/A
- FF&E: $440,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The deal will include inventory valued at $1,000, which is included in the listing price.
The business has 4 employees and is situated in a building with disclosed square footage of 2,500 sq ft.
The property is leased by the business for $5,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nevertheless, the true reason and the one they tell you may be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is really important that you not count entirely on a seller's word, however rather, make use of the seller's answer combined with your general due diligence. This will repaint an extra reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new consumers? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Particular variables such as new competitors growing up around the location, road building and construction, and also staff turn over can affect repeat customers and also negatively impact future incomes. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the higher the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical house income influence future income prospects?