Business Overview

This successful and semi-passively run business utilizes multiple revenue streams that create high, ongoing and reliable profits. The business operates in a modest 3000 square foot space which keeps overhead low and profits extremely high. We have brought real customer service and friendliness back to this industry. The other independently owned coin laundries just cannot compete with our “State of the Art” laundry facility.
Other Important Business Highlights Include:
– Top of the line “High Efficiency Machines Both Durable and Dependable”
– Passive Ownership or Semi-Passive Business – Full time attendants making minimum wage plus $1.00
– Multiple Revenue Streams – Wash, Dry, Fold, Coin Changer, Vending options and more…
– Best of the best surveillance and security measures – Customer Safety Really Matters
– Free Wi-Fi, spotlessly clean location, well light, well maintained
– Consistent demand, absolutely recession resistant business
– Nationally recognized company – Full Training and Ongoing Corporate Support will be included.
Contact Chris for detailed information about this business.

Financial

  • Asking Price: $497,000
  • Cash Flow: $185,000
  • Gross Revenue: $430,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

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

Contact for detailed information about this business.

Is Support & Training Included:

Full training and support will be included.

Pros and Cons:

Very popular name in the industry.

Opportunities and Growth:

High demand allows for long-term growth of this business.

Additional Info

The venture was started in 2012, making the business 10 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is very essential that you not rely completely on a seller's word, however instead, utilize the seller's answer along with your general due diligence. This will repaint an extra sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too tight. Many companies 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 commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific variables such as brand-new competitors sprouting up around the area, road construction, and employee turnover can impact repeat customers as well as adversely influence future earnings. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood median household earnings effect future income potential?