Listing ID: 80138
LOCATION • CARD SYSTEM • SELF SERVICE
Location Location Location!!! MANY apartments in the area make this an excellent location for a laundromat. This 3,000 sq. ft. Laundromat runs itself. Equipped with all Dexter machines in great condition. Current owner has made many upgrades to the Laundry including paint, attendant area, new furniture, and more! No Cash or Coin necessary… Laundromat comes with the Laundry Boss System to offer customers the convenience of paying with Card. Owner can monitor the day to day activity of the laundry via an app, as well as start or stop machines remotely, eliminating the need for physical refunds. Laundromat makes money from walk-in customers. HUGE opportunity for growth by offering additional services such as Wash/Dry/Fold, over-the-counter sales, etc. Current owner has done all the hard work! Needs New Owner to continue growing the business, add on other services, and run the laundromat to its full potential!
***SELLER FINANCING AVAILABLE WITH LARGE DOWN PAYMENT***
Contact the agent at 678-595-7323 and/or sign and email the signed Non Disclosure Agreement to receive additional information.
- Asking Price: $250,000
- Cash Flow: $28,000
- Gross Revenue: $99,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Other Business Interests
The business has 1 employees and is situated in a building with disclosed square footage of 3,000 sq ft.
The property is leased by the business for $2,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nevertheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is extremely essential that you not rely completely on a seller's word, but instead, use the seller's response together with your total due diligence. This will paint a much more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new clients? Most times, companies have repeat customers, which develop the core of their day-to-day profits. Specific variables such as brand-new competition sprouting up around the area, road building, as well as employee turnover can affect repeat customers and negatively impact future incomes. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the local median house earnings impact future earnings potential?