• Listing ID: 1161349
  • (Seller ref: CHICAIL003-N657)

Coin Laundry 32 Washers & 22 Dryers Plus Building For Sale


Location:
Category:
  • >
  • >
Type:

Listed by:


Asking price:
$139,000 (Furniture / Fixtures and Inventory / Stock included)
Sales revenue:
$48,908
Cash flow:
Available on request
Years established:
98
Employees:
Full Time: 1

No image available

This popular Laundromat is located in a medium density city neighborhood with a scattering of single family, townhomes, and apartments. Much nearby housing and community renovation has gone on in recent years, and a pride of neighborhood exists. Clientele are almost all from the near vicinity and there is a strong population base to support the business. The economic downturn of recent years and absentee-investor ownership has caused revenues and profits to slip. The business was very profitable under previous owner-operator ownership. Two new energy efficient hot water boilers and a new 7-1/2 ton roof top air conditioning unit were installed in 2008 for a cost of $24k. Fair market value of the washers, dryers, and other equipment is rated at $121,000. The real estate included is 56’x125’ and the building is approx. 2000 s.f. The real estate, excluding the business, was appraised in 2007 at $220,000. This is the ideal opportunity for someone wishing to run a cash business and benefit from commercial real estate appreciation. For the qualified buyer, there is also the possibility of SBA insured financing on the purchase.


Real Estate:
Real Property Included
Premises details:
2000 sq ft, $N/A

Reasons for selling:
Has Full time job
Financing available:
Downpayment Required: $0
Furniture / Fixtures value:
$30,000 (included in the asking price)

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

need to search again?

  • >
  • >

Other buyers are looking to buy a business like this in Business Wanted >>


selling your business?

If you own a business and are considering selling, visit our Sell a section.


BusinessesForSale.com recommends
  • HOW TO BUY A GOOD BUSINESS AT A GREAT PRICE
  • 100s of strategies & techniques to help you find & buy the right business.
  • Buy a good business for a great price
  • Click here for more

  • BUSINESS WANTED
  • Reach sellers looking for a business buyer by placing a Business Wanted advert.
  • Business Wanted
  • Business Wanted