Coin Laundromat In San Antonio For Sale

Business description

The owner started this independent coin Laundromat in 2005. The shop currently services primarily individuals and offers self serve, wash and fold, and dry cleaning drop off (90+% of the business is from self serve). Located on the Northwest Side of San Antonio, the shop is on a busy road just a little over one block from a major highway. The equipment was purchased new in 2005 when it opened. The equipment includes 18 lb top load washers, 30 & 40 lb front load washers, 30 lb front load dryers, change machine, water heater, and a soap dispenser. Business could be grown through, longer hours, expansion of services including commercial accounts, and advertising as none is done currently other than through website. Sale includes website and phone number. Business revenue is up in 2011.

Owners want to diversify their assets. Current owner is willing to train new buyer for seamless transition. One part time person performs the wash and fold services and cleaning. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

Property information

Real Estate:

Lease

Lease terms:

$1,950 per month

Location:

2,400 sq. ft. building

Size in square feet:

2,400

Business Operation

Reasons for selling:

Asset Diversification

Trading hours:

Monday-Sunday 8am - 11pm

Employees:

1 PT

Years established:

6 years (2005)

Other information

Support & training:

Seller will provide training

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$200 (included in the asking price)