Business Overview

***Buyer could own this amazing location with 50% Down***

Upgraded Card/Coin System Laundromat. This location offers the perfect business opportunity for a hands-off operator! Current owner has added the following new items: water heater, security system, automatic door locks, HVAC, SpyderWash System, and more!!

Great Location, Equipment and Clientele!! Current owner has done all the hard work!
• Automatic Door Lock!
(No need to rely on an attendant to open and close the business)
• Operating hours are Mon – Sun 7am – 10pm
(Ran part-time attendant and unattended)
• 2,500 sq. ft. laundromat
•33 washers and 15 dryers, all Huebsch equipment! Maintained and kept in very good condition.
• Great long-term lease
• All income from walk-in customers and vending sales
• New owner needs to market and advertise the business. Makes money with no effort! Can add other services to bring in additional revenue.
• Many apartments and businesses in the surrounding area make this laundromat a great location for wash/dry/fold pick-up and delivery service!

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: $269,000
  • Cash Flow: $47,600
  • Gross Revenue: $120,000
  • 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:2,500
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Spacious, very clean, well lit, nice attendant area! Equipment kept in very good condition.

Is Support & Training Included:

2 weeks

Purpose For Selling:

Lives too far

Additional Info

The business has 1 employees and resides in a building with approx. square footage of 2,500 sq ft.
The real estate is leased by the company for $2,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of other reasons. This is why it is very important that you not depend absolutely on a seller's word, however instead, utilize the vendor's answer along with your overall due diligence. This will repaint a more reasonable image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too small. Many 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 consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their everyday revenues. Particular factors such as brand-new competitors sprouting up around the location, road building and construction, and also employee turnover can influence repeat consumers and also adversely affect future profits. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the possibility to build a returning customer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood median home earnings impact future income prospects?