Business Overview

Family owned Coin Laundry with great clientele. Current owner has made many upgrades including New floors, paint, LED lights, NEW sign, and has fully renovated the bathroom. This Laundromat comes with great features including automatic door locks, 2 New TVS, New Attendant area, 2 new bill changers, 1 snack vending, 1 soap vending, 1 laundry bag vending, and more!

• Operating hours are Mon – Sun 7am – 11pm
(Business is ran by attendants)
• Approx. 1,000 sq. ft.
•22 washers and 13 dryers. Maintained and kept in very good condition.
• Great lease
• All income from walk-in customers, over the counter and vending sales.
• Huge Growth Opportunity by offering wash/dry/fold service and pick and delivery service.
• New owner needs to market and advertise the business. Makes money with no effort!
• Many apartments in the surrounding area!

Please contact the agent at (678)243-5665 for more information OR fill out the “Contact Form” to receive the Non Disclosure Agreement for signature and additional details.

Financial

  • Asking Price: $115,000
  • Cash Flow: $36,000
  • Gross Revenue: $104,400
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Lives too far

Additional Info

The company has 2 employees and is situated in a building with estimated square footage of 1,000 sq ft.
The real estate is leased by the company for $1,350 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really crucial that you not depend entirely on a seller's word, yet rather, make use of the seller's answer combined with your general due diligence. This will paint an extra reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover things such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too small. Many companies fall into 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 consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Most times, businesses have repeat clients, which form the core of their everyday profits. Certain factors such as brand-new competitors growing up around the location, roadway construction, and staff turnover can affect repeat consumers and negatively influence future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the chance to develop a returning client base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional average home income impact future earnings potential?