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Advert Ref: 41440053

Coin Laundry & Dry Cleaning Drop Store For Sale

Details: Asking price:$99,000; Sales revenue:$193,524; Net profit:$46,831; Fixtures value:$102,810; Inventory value:$1,000

Business description: Coin Laundry & Dry cleaning store with long established 17 year history. Located in an area where the demographics are great for this type business, almost next door to a major university campus.Store is owned by a 100% absentee owner.

General information: Years established:17; Employees: 1; Real Estate: Lease; Lease terms:Lease has 4.5 years remaining. Owner has always operated with the landlord on 5 year leases. Current lease expires on 12/31/2012.; Location:Tampa area near university.; Expansion potential:None; Competition / Market:normal; Support & training:2 Weeks.; Reasons for selling:Owner is an absentee Dr. and the employee wants to retire.; Financing available?Owner will Finance $70k at 6% for 5 years.