Coin Laundry & Dry Cleaning Drop Off Service For Sale

Business description

For Sale: Self Service Coin Laundry & Dry Cleaning “drop off/pick up” Business, in the same location since 1960. This is a self service coin laundry with alteration services and “drop shop” dry cleaning. The business handles fold and sort service for customers, minor alterations/repairs and specialty cleaning services, (draperies, bedspreads, comforters, etc). Located on a busy four lane arterial. Modern equipment in very good working condition.

Sale includes all equipment, supplies, machines and inventory.

The seller and his wife built out, equipped and opened this business 26 years ago. The sellers are hands-on owner/operators assisted by part-time, hourly employees. They are selling to enjoy the fruits of their hard work and spend more time with their children.

Limited advertising and marketing. Success is built on the convenient location, customer service and competitive pricing. The business has lots of loyal, repeat customers and receives many referrals from satisfied customers. Great reputation for customer service and quality cleaning services.

Approximately 3,500 sq. ft. in a free standing building, rent is a very affordable $900 per month. Accommodating landlord. Now operating on a five year lease with three + years remaining. A buyer will not experience any problems negotiating reasonable renewal options as part of this purchase. The underlying land and building can be purchased separately.

Modern, high quality equipment in good working condition. Key equipment includes:
* 34 washers * 25 dryers (gas fired, 19 units 30# capacity plus 6 others with 50-60# capacity) * Dry cleaning conveyor

The owner and/or his wife work at the shop. Part-time hourly employees run the shop some evenings and weekends. Wage expense for part time employees is only $2,400 per month. This business runs best with “hands-on” ownership and management - “mom and pop”, family, etc.

Property information

Real Estate:

Lease

Premises details:

3,500 sq ft, $900.00

Business Operation

Reasons for selling:

Retirement

Trading hours:

Days: Monday-Sunday, Hours: Mon-Fri 8-8; Sat-Sun 7-8

Employees:

Part Time: 2

Years established:

52

Other information

Financing available:

Downpayment Required: $94,500