Listing ID: 81545
*Card and coin operated laundromat with successful drop off business and multiple commercial accounts
*Recently remodeled with state of the art, energy efficient Continental laundry equipment
*Surrounded by many large apartment complexes
*Very clean and well maintained with full time attendant
*Time lock doors open & close at your specified hours
*Upgraded bright and energy efficient LED lighting
*Plenty of free parking
*Commercial van with lift gate included
*Second nearby laundromat location could become part of this great opportunity!
* Financing is available for a qualified buyer with a 30% down payment.
See more information and other opportunities on www.laundrysolutionsgroup.com.
Contact Jim Winkelman at 630-999-8610.
- Asking Price: $430,000
- 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
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of other factors. This is why it is really vital that you not rely totally on a vendor's word, yet instead, use the seller's response combined with your general due diligence. This will paint an extra realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering points like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new consumers? Many times, companies have repeat clients, which create the core of their daily profits. Specific factors such as brand-new competition growing up around the area, road building, and personnel turn over can impact repeat consumers as well as negatively affect future profits. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional typical home earnings influence future revenue prospects?