Laundry In Colorado Springs For Sale

Business description

Started in late 2003, and under current ownership since March of 2004, the Company initially offered only coin laundry services. Shortly after the current owners purchased the business, they added drop off laundry service, pickup and delivery services, dry cleaning and leather cleaning.

The Company provides a bright, clean and safe self-service laundry environment. With 20 lb., 30 lb., 55 lb. and 65 lb. washers, and 40 lb. stack, 50 lb. and 75 lb. dryers, customers can find equipment that meets their individual laundry needs. The facility offers a big screen and a game room for patrons to entertain themselves while waiting, and an attendant is always on duty for questions or concerns.

The Company offers a buyer a huge growth upside. The current owners have been unable to devote much attention to the business; a active owner-operator could better manage and control this mostly cash business. Further, the Company is located near two large military installations which are undergoing major expansions and expecting rapidly rising numbers of soldiers to be based there – and even further expanded if overseas deployments are reduced.

Property information

Real Estate:

Lease

Lease terms:

Low cost, very favorable lease

Location:

In prime retail center with good laundry demographics surrounding it

Other information

Expansion potential:

Would benefit from active owner / operator. Could do more promotion

Competition / Market:

Moderate. No direct competition in immediate area

Support & training:

owners would train

Reasons for selling:

Focus on other business ventures

Trading hours:

normal retail

Financing available:

should be SBA finance-able

Furniture / Fixtures value:

$300,000 (included in the asking price)