Business Overview

Established location for over 20 years. Very Busy Laundromat! Lots of wash/dry/fold business and walk-in clientele. Family owned and well maintained. Laundromat sales steadily increasing under the current owner. Fully updated older machines with newer ones. Currently ran owner operated but can be ran by attendants or unattended at owner’s choice. Huge potential to expand by obtaining commercial accounts. Many apartments, hotels, and businesses in the surrounding area. This is a MUST SEE location!

Contact the agent at 678-595-7323 for more information
OR fill out the “Contact Form” to receive the Non Disclosure Agreement for signature and additional details.

Financial

  • Asking Price: $210,000
  • Cash Flow: $98,000
  • Gross Revenue: $164,000
  • 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:

Lives too far

Additional Info

The building is leased by the business for $2,640 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell businesses. However, the genuine reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is very vital that you not rely absolutely on a vendor's word, but instead, make use of the seller's answer along with your overall due diligence. This will repaint a much more realistic picture 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. Lots of companies borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that profit margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day earnings. Specific factors such as brand-new competition sprouting up around the location, road building and construction, and personnel turn over can affect repeat clients as well as adversely influence future revenues. One important thing to take into consideration 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 individuals that see the business often, the greater the opportunity to build a returning client base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local average home income effect future revenue prospects?