Business Overview

Popular neigborhood laundromat available for sale. This business has been serving the neighborhood for generations. Many options to upgrade the facilities and add additional services. Possible options exist to apply for one or more available neigborhood grants to off-set the acquisition cost or to help upgrade the business. NDA required to review additional information. Feel free to visit the property, but DO NOT DISTURB EXISTING BUSINESS. Business is open and running as usual.

Financial

  • Asking Price: $69,000
  • Cash Flow: N/A
  • Gross Revenue: $70,000
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is for sale and the new owner will need to execute a new lease. However, the three retail unit building is also separately for sale in case there is interest to be an owner/operator.

Purpose For Selling:

Owner Retiring

Additional Info

The business has 2 employees and resides in a building with disclosed square footage of 1,800 sq ft.
The building is leased by the business for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 totally different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really vital that you not count totally on a seller's word, but instead, use the seller's answer along with your total due diligence. This will repaint a more sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to 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 might have existing contracts with suppliers that have to be fulfilled or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new customers? Often times, companies have repeat customers, which form the core of their everyday revenues. Certain factors such as new competitors sprouting up around the area, road construction, as well as employee turnover can influence repeat customers and adversely impact future incomes. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the local median house earnings effect future revenue prospects?