Coin Laundry In El Paso For Sale

Business description

This neighborhood coin laundry has been in business over 30 years and has consistently shown profits over that time period. This coin laundry is located in central El Paso and operates with the following equipment: 11 top loaders 9 double load front loaders 2 35 lb front loaders 12 Stack Dryers The laundry also performs a substantial amount of bundle service. This business could be an excellent investment for an owner who wishes to work part time. HOURS OF OPERATION: 7AM to 9PM Everyday (Including Sunday) (Gross Sales and EBITDA are based on the 12 months ending December 31, 2010). The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities. For more information about this exciting opportunity, contact Tom Given below.

Property information

Real Estate:

Lease

Premises details:

The company currently rents approximately 1700 sq ft (@ $600/mo) in an older free standing building in central El Paso.

Other information

Expansion potential:

Current owner believes that substantial sales increases could be accomplished by putting in additional large front load washers. In addition, there is room to add an entire row of washers if the new owner wishes to do so

Competition / Market:

There are 2 other coin laundries within a 2 mile radius. All of these laundries have been open for a significant period of time. Most of the customer base for this laundry are from the neighborhood and walk to the laundromat.

Support & training:

Seller will train for 2 weeks and be available for consulting on a longer term basis.

Reasons for selling:

Owner wishes to pursue his other business interests.

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$200 (included in the asking price)