Business Overview

Family owned and operated. This established laundromat has lots to offer!
Current owner offers Wash/Dry/Fold Service. Can add Pick-Up & Delivery. This location has new LED lighting, signage, vending machines, 3 tankless water heater, automatic door locks, monitoring & interactive intercom system, change machines, and more.
All Dexter and Speed Queen equipment in excellent condition. Low rent of $1,000 per month! Opened daily from 8am to 10pm with 1 part-time attendant that works on the weekends. The store runs unattended Monday to Friday. Great opportunity for an owner operator! Huge growth potential!

***Seller owns a Dry Cleaner and is willing to sell both the Laundromat and the Dry Cleaners… Ask Agent about the package deal!***

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: $160,000
  • Cash Flow: $33,000
  • Gross Revenue: $86,000
  • 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:1,600
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Additional Info

The business has 1 employees and resides in a building with estimated square footage of 1,600 sq ft.
The property is leased by the company for $1,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of various other reasons. This is why it is really crucial that you not rely completely on a seller's word, however instead, make use of the vendor's response in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that profit margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in new consumers? Many times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific elements such as new competition growing up around the area, roadway building, and personnel turnover can affect repeat customers as well as negatively affect future incomes. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood median home earnings influence future income potential?