Business Overview

Coin Laundry offering wash/dry/fold service!
Ran by 1FT and 2 PT attendants.
It has 24 Washers and 28 Dryers.
This location needs some work.
Great opportunity for an owner operator or investor to re-tool.
Price Negotiable!!

Contact the selling 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: $189,000
  • Cash Flow: $42,700
  • Gross Revenue: $134,400
  • 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:2,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Other Business Interest

Additional Info

The business has 3 employees and is located in a building with estimated square footage of 2,000 sq ft.
The property is leased by the business for $2,916 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 totally different things. As an example, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is very important that you not rely entirely on a vendor's word, however rather, utilize the vendor's response together with your total due diligence. This will paint an extra practical image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too thin. Lots of organisations fall into a revolving door of taking on debt 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 tools or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new customers? Many times, operating businesses have repeat consumers, which form the core of their everyday revenues. Certain variables such as new competitors growing up around the area, roadway construction, and also employee turn over can influence repeat clients and also adversely affect future earnings. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the possibility to build a returning client base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the regional average family earnings influence future revenue prospects?