Business Overview

Plenty of Parking • Absentee Owner • Located off a High Traffic Road!

Amazing opportunity for an absentee owner or part-time owner operator. Laundromat is ran by 3 attendants. Approximately 2,600 Sq. Ft. Stand alone building… Real Estate Not For Sale. There is plenty of parking.

Dexter and Huebsch Equipment: 25 Washers (20-60 lbs) and 29 Dryers (30lbs).

Many apartments and multi-family housing in the surrounding area. Great opportunity to increase wash and fold service through marketing and advertising.

All COIN laundromat, income comes from Washers & Dryers, Wash/Dry/Fold Service, Dry Cleaning Drop Off Service, and Vending/Over the Counter Sales. Huge potential for growth extending hours of operation and/or adding Residential/Commercial Pick Up and Delivery Service

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: $145,000
  • Cash Flow: $40,500
  • Gross Revenue: $146,000
  • 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:2,600
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Other Business Interest

Additional Info

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

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of various other reasons. This is why it is very essential that you not count absolutely on a seller's word, but rather, utilize the seller's response together with your general due diligence. This will repaint a much more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular factors such as new competition growing up around the area, road building and construction, as well as staff turn over can impact repeat customers and also negatively influence future revenues. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the local median home earnings impact future income prospects?