THE Business for Sale Marketplace

Asking Price: $200,000

Gross Revenue: $230,000

Cash Flow: $55,000

Inventory: $1,000 (Included in Asking Price)

FF&E: $100,000 (Included in Asking Price)

This very busy laudromat is open 24/7 and always has at least one employee on the premises. It offers wash and fold services, and dry cleaning services (has one dry cleaning machine). These represent less than 20% of the total store sales.
The equipment is expensive and well-maintained. It would cost over $200,000 if purchased new. There are 38 front-loading washers (ranging from 18-pound to 80 pound) that are original equipment but, when necessary are reconditioned with new bearings at a cost of about $800-2,000. There are 23 stacked dryer units (two per stack for a total of 46 dryers) that are about ten years old.

Year Established: 1987

Employees: 8 part time

Facilities: The owner entered into a five year lease one year ago with one five year option. The owner is quite certain that the landlord will add more options for a new owner. The base Rent is now $2,762.50 per month for the 2,550 square feet. In addition, CAM and other charges are about $1,000 per month.

Market Outlook and Competition: There are several competitors in the general vicinity, the most recent one having opened five years ago. Any effect of the competition is already reflected in the business performance.

Management Training and Support: Owner will provide two weeks training

Reason For Selling: Other business Interests