Coin Op Laundry For Sale

Business description

Purchase this Well-Kept Coin-Op Laundry located along a High-Traffic Corridor

Established by the current owners in 2006, this is a well-established Hampton Roads laundromat. They offer Coin-Op laundry Services, Wash-N-Fold Services, as well as Dry Cleaning & Shirt Services (performed off-site though a sub-contracted party).

Seller’s Discretionary Earnings assume owner-operator. Owner’s Wife is a full-time Employee (Salary) and is compensated at $1,160 per month. Combined with the 2011 Net income of $18,110 brings the SDE to $32,030 for 2011.

Please contact POOYA (PJ) MOHIT for more information
Cell: ---.---.---- or email -------@--------------.---

Property information

Real Estate:

Lease

Premises details:

2100 sq ft, $N/A

Business Operation

Reasons for selling:

Family/ Refocus on Primary Businesses

Trading hours:

Days: MON-SUN, Hours: 7am-10pm

Employees:

Full Time: 1, Part Time: 3

Years established:

6

Other information

Financing available:

Downpayment Required: $95,000
Monthly Payroll: $2,417
Financing is Available

Furniture / Fixtures value:

$150,000 (included in the asking price)