Established Cash Cow Laundromats For Sale

Business description

These profitable coin-operated laundromats (2 locations) have been in business for decades, and are not just great businesses, but landmarks! The owner spends little time with these businesses, but for an owner/operator buyer that has time to work in the laundries, annual cash flow could increase significantly. In 2007 one location grossed $129,404 with a cash flow of $32,454. The other location grossed $160,255 and cash flowed $58,756. This is a rare opportunity to own profitable, well established, cash businesses! Act now!

Property information

Real Estate:

Lease

Lease terms:

First location is in a clean building with approximately 2200 sq. ft. Corner location on busy street surrounded by apartment complexes. Central heating and air. Lease terms are 3 years with on 4 year option currently at $1,440 per month.

Second location is approximately 1300 sq. ft. Corner location on busy street. Near many apartment complexes. Central heating and air. Lease terms are 3 years with one 4 year option currently at $950 per month.

Location:

Surrounded by apartments on busy commercial streets. Locations cannot be better for coin laundries!!!

Other information

Expansion potential:

Sales could increase with advertising.

Support & training:

Seller will assist Buyer in negotiable transition period as part of purchase price.

Reasons for selling:

Seller is relocating out-of-state.

Trading hours:

7 days per week. 7:30 am to 7:45 pm

Financing available:

Anticipated to qualify for SBA financing.

Furniture / Fixtures value:

$47,000 (included in the asking price)