Listing ID: 80140
Newly Renovated • Plenty of Parking • Many Apartments in the Area!
Amazing opportunity for an owner operator. Laundromat is currently ran by an attendant. Huge growth potential for a full time or part time owner operator. Laundromat is approximately 2,400 Sq. Ft.
All Dexter Equipment: 27 Washers (20-60lbs) and 26 Dryers (30lbs). All machines are in great condition.
Many apartments and multi family housing in the surrounding area. There is plenty of parking in this location. Great opportunity to increase wash and fold service and offer residential and commercial 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 sign and email the Non Disclosure Agreement to receive additional details.
- Asking Price: $189,000
- Cash Flow: $5,000
- Gross Revenue: $105,192
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Owner Needs to Free Up Time
The real estate is leased by the business for $3,915 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, however instead, use the vendor's answer combined with your general due diligence. This will paint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to 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 might have existing contracts with vendors that need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Most times, businesses have repeat customers, which create the core of their everyday revenues. Particular variables such as brand-new competitors growing up around the location, road construction, and also staff turnover can influence repeat consumers and adversely impact future earnings. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the regional mean household earnings influence future income potential?