Business Overview

Huge need for a laundromat in this location! In need of a hands-on operator.
Perfect opportunity for a first time laundry owner to get familiar with the laundry business, or an experienced owner looking for an opportunity to flip!
Current owner runs another business full time and does not have the time to dedicate to this location to continue increasing revenue. New owner needs to market and advertise as current customers are from word of mouth.
All Dexter equipment: 18 washers and 14 dryers. Huge potential for Wash/Dry/Fold Service and Over The Counter Sales. Current owner only offers these services on the weekends. Laundromat has new AC system, flooring, tiles, etc. Huge growth potential!

Financial

  • Asking Price: $98,500
  • Cash Flow: $30,000
  • Gross Revenue: $54,000
  • 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:1,100
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

No Time To Manage

Additional Info

The company has 1 employees and resides in a building with approx. square footage of 1,100 sq ft.
The real estate is leased by the business for $1,100 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell operating businesses. Nevertheless, the genuine factor and the one they tell you might be 2 completely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is very important that you not rely totally on a vendor's word, however rather, use the seller's response in conjunction with your general due diligence. This will repaint a much more practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new consumers? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Specific aspects such as brand-new competitors growing up around the area, roadway construction, and also staff turnover can impact repeat clients as well as negatively influence future revenues. One important thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the neighborhood typical house earnings influence future earnings prospects?