Business Overview

Large, modern and upscale laundry offers card/coin system with Huebsch Command. Established for over 20 years. This laundromat has been entirely re-tooled/re-built in November 2020. Everything is Brand New, busy location, long lease. No rent increase for the initial 5 year term! Generated $96K Net in 2021 to absentee owner. Revenue continues to grow! Current owner has not started wash and fold service at this location. Definitely room for growth! All income is currently generated from the washers and dryers and vending sales.

Brand New machines, plumbing, electrical, HVAC, floor, ceiling, paint, attendant area, bill changer, and more!

Prospects must provide Proof of Funds prior to receipt of further details.

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: $680,000
  • Cash Flow: $96,000
  • Gross Revenue: $237,000
  • 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:4
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Lives too far

Additional Info

The business has 4 employees and is situated in a building with disclosed square footage of 3,000 sq ft.
The property is leased by the company for $4,200 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 completely different things. For instance, they might say "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a variety of various other reasons. This is why it is extremely vital that you not count absolutely on a vendor's word, however instead, use the seller's solution together with your overall due diligence. This will repaint an extra realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things such as stock, payroll, accounts payable, and so on. Remember that sometimes this can suggest that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in new clients? Often times, operating businesses have repeat consumers, which form the core of their everyday revenues. Specific aspects such as new competitors growing up around the location, road building and construction, and staff turn over can influence repeat consumers and negatively affect future profits. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the regional typical household earnings influence future revenue prospects?