Business Overview

Established 20+ years ago and completely re-tooled and re-modeled in 2004 Coin Laundry with Real Estate! Many machines and much more room for growth. Needs an energetic hands on operator to take over and implement basic remodeling and watch the business take off! New owner needs to market and advertise for additional commercial accounts and Wash and Fold Service. Huge potential for Wash and Fold Pick up and Delivery Service at this location. Sales price includes the Real Estate which consists of 2 suites: the Coin Laundry and a Real Estate Office. Building 4,800 Sq. Ft., 11,848 Lot Sq. Ft. A MUST SEE PROPERTY!

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: $1,250,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,800
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

HUGE laundromat that has serious potential and can increase sales by marketing and basic remodeling such as a nice big clean up , paint, flooring, building sign, etc.

Pros and Cons:

Established for many years, a new construction project taking place nearby that will significantly increase the influx of customers and create a HUGE opportunity for the Pick Up and Delivery service.

Additional Info

The business has 5 employees and is located in a building with approx. square footage of 4,800 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in earnings, or an array of other reasons. This is why it is very vital that you not depend completely on a vendor's word, however instead, make use of the seller's response together with your total due diligence. This will repaint an extra realistic image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that profit margins are too thin. Numerous 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 obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new clients? Often times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific variables such as new competitors growing up around the location, road construction, and also staff turn over can impact repeat clients and adversely affect future profits. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local typical family earnings influence future income prospects?