Business Overview

***Buyer could own this amazing location with as little as 20% Down***

This Coin Laundry was completely remodeled in 2018! New plumbing, electrical, ceiling, flooring, washers, dryers and more. Nets $92K to Absentee Owner!

2,400 Sq. Ft. Surrounded by many apartments complex. Apartments across the street do not have washer and dryers connections, bringing more business to this location. This location has tons of potential for continues growth.

All DEXTER Machines. 22 Washers (20-80 lbs) and 24 Dryers (30lbs).
This location offers FREE DRY!

Seller will provide training to Buyer and help make this a smooth transition.

Please 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: $439,000
  • Cash Flow: $92,000
  • Gross Revenue: $209,000
  • 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:2,400
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Partnership

Pros and Cons:

The small laundromat with old speed queen top loaders next door is no competition to this location.

Opportunities and Growth:

All COIN laundromat, income comes from Washers & Dryers and Vending sales. Huge potential for growth by adding Residential/Commercial Wash/Dry/Fold service and Dry Cleaning Drop-Off Service.

Additional Info

The company has 4 employees and is located in a building with approx. square footage of 2,400 sq ft.
The real estate is leased by the company for $3,250 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nevertheless, the true reason and the one they say to you may be 2 totally different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a range of various other factors. This is why it is extremely important that you not rely totally on a seller's word, yet instead, use the seller's answer along with your general due diligence. This will paint an extra sensible image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too tight. Lots of companies 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 might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract brand-new clients? Often times, companies have repeat customers, which create the core of their everyday profits. Particular elements such as brand-new competitors sprouting up around the area, road building and construction, as well as personnel turn over can impact repeat consumers and also negatively affect future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to build a returning consumer base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average home earnings impact future income potential?