Business Overview

Great Location • Excellent Equipment • Money Maker

Right off a main road, this laundromat has it all… Location, Space, and Excellent Equipment! Ran unattended 24hrs 7 days a week, with the exception of a cleaning person that works Part-Time on the weekends. All income from coin sales only! Huge potential to increase sales by adding vending machines and wash/dry/fold service. Generated over $100K net in 2021 to 100% absentee owner!!! Only $2600 rent for 3000 sq ft laundromat. Room to add vending machines, a kids area, game machines and more! Attended area already built. This is a Turn-Key opportunity!

Contact the selling 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: $595,000
  • Cash Flow: $103,000
  • Gross Revenue: $205,000
  • 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:3,000
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Moved Out of State

Pros and Cons:

Laundromats in the area are ono competition to this location

Additional Info

The company has 1 employees and is located in a building with approx. square footage of 3,000 sq ft.
The building is leased by the business for $2,600 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 entirely different things. For instance, they might say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, current reduction in profits, or an array of various other factors. This is why it is really crucial that you not count absolutely on a seller's word, yet instead, utilize the vendor's answer combined with your general due diligence. This will paint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Most times, businesses have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as new competitors growing up around the location, road building and construction, and personnel turnover can impact repeat customers and negatively affect future profits. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final 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? Exactly how might the regional median home income impact future income potential?