Business Overview

Located in a great area for a laundromat. surrounded by 300+ apartments. Currently ran unattended. Huge growth opportunity for a hands-on owner. All income from Washers and Dryers Only. Can add Wash/Dry/Fold Service. Excellent Equipment only 8 years old! Has 5 CO-AM machines that generate $14K+ in gross sales per month. CO-AM profit not included in Cash Flow.

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: $239,000
  • Cash Flow: $12,960
  • Gross Revenue: $102,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Other Business Interest

Additional Info

The property is leased by the company for $2,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 completely different things. For instance, they might say "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of other reasons. This is why it is very vital that you not count totally on a seller's word, but instead, utilize the seller's solution combined with your overall due diligence. This will paint a more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that earnings margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new customers? Often times, companies have repeat customers, which create the core of their daily earnings. Specific factors such as new competition sprouting up around the area, roadway building and construction, as well as personnel turnover can affect repeat clients and also adversely affect future incomes. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the better the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the local average house income influence future earnings prospects?