Business Overview

Established Coin Laundry with great wash dry and fold service. This location offers the perfect business opportunity for a hands-off operator! Current owner has made many upgrades including all brand new dryer exhausts on the roof, 2 brand new HVAC systems, and entire roof has been upgraded by the landlord.

Great Location, Equipment and Clientele!!
• Operating hours are Mon – Sun 7am – 9pm
(Ran by an attendant)
• 2,250 sq. ft. laundromat
•26 washers and 22 dryers. Dexter and Speed Queen Machines, maintained and kept in very good condition.
• Great long-term lease
• All income from walk-in customers, W/D/F, over the counter and vending sales.
• New owner needs to market and advertise the business. Makes money with no effort! Can add other services to bring in additional revenue.
• Many apartments and businesses in the surrounding area make this laundromat a great location for wash/dry/fold pick-up and delivery service!

Seller will provide training to buyer and help make this a smooth transition.

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: $375,000
  • Cash Flow: $77,000
  • Gross Revenue: $217,800
  • 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:2,250
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Focusing on another Business

Additional Info

The business has 2 employees and is situated in a building with approx. square footage of 2,250 sq ft.
The property is leased by the company for $3,218 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or an array of other factors. This is why it is extremely vital that you not rely absolutely on a vendor's word, yet rather, use the vendor's solution along with your general due diligence. This will paint a more realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too small. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract new customers? Often times, companies have repeat clients, which form the core of their daily revenues. Specific elements such as brand-new competition sprouting up around the location, roadway construction, and staff turn over can affect repeat customers and also adversely impact future earnings. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean home income effect future earnings potential?