Business Overview

Current owner has done all the hard work!
This established location has been a laundromat for over 30 years. Current owner installed Brand New Equipment a year ago. 26 Washers (20-80lbs) and 31 Dryers (30-50lbs). New washers offer Credit Card Payment system. Free Dry every Tuesday, Wednesday, & Thursday!

Many apartments and businesses in the surrounding area, offer huge growth opportunity for wash/dry/fold service. Laundry is averaging about $2,000 per month in wash/dry/fold service without any marketing and/or advertising. Laundromat is ran by 2 attendants.

Residential Wash/Dry/Fold and Dry Cleaning Drop-Off services are offered. Can add commercial Wash/Dry/Fold and Dry Cleaning Pick-Up and Drop-Off Delivery Service.

Cash flow continues to increase, but in need of a good owner operator to run this laundromat to its full potential.

Selling due to family reasons. Price is negotiable. Bring any and all offers!

Please 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: $355,000
  • Cash Flow: $47,000
  • Gross Revenue: $168,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Downsizing

Additional Info

The company has 2 employees and is situated in a building with approx. square footage of 2,500 sq ft.
The building is leased by the company for $2,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell companies. Nonetheless, the real factor and the one they tell you might be 2 totally different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or an array of various other reasons. This is why it is really crucial that you not depend entirely on a vendor's word, however rather, make use of the vendor's solution in conjunction with your general due diligence. This will paint an extra realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise 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 agreements with suppliers that should be met or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new customers? Many times, businesses have repeat clients, which create the core of their everyday profits. Certain factors such as brand-new competition sprouting up around the area, road building and construction, as well as personnel turnover can impact repeat consumers and also adversely affect future revenues. One important thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood average household earnings influence future earnings prospects?