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Advert Ref: 409-01730
Coin Laundry With RE & Commercial Accounts For Sale
- Ormond Beach, Florida, United States
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- Business description
- This established coin laundry has been established for 49 years and has been owned by the same owners for 20 years. Real estate is owned by the sellers comprised of 2917 square feet of land and 1200 square feet in the laundry mat with a 300-foot canopy. Real Estate is situated in a corner lot of a small strip mall and was appraised for $190,000 in 2007. In the 2004 hurricane season this coin laundry was destroyed by the hurricanes and as a result was rebuilt brand new from ground to ceiling. All the wiring is new, all plumbing, the air conditioning and all the equipment. The brand new equipment (two years old) consists of:
23 Dexters washers
· 4 Triple load (35 lbs) ($4.50)
· 2 – Maxi Load (40 lb) ($8.00)
· 2 – Mega Load (55 lb) ($10.00)
· 15 – Double load ($2.50) for 22 minutes
24 Dexter Stacked Dryers $0.25 cents for 7 minutes
1 Change machine
1 Digital Scale
1 Soap Dispenser
4 Rannai Instant Hot water Heater
Very efficient water heating system. In addition, the laundry mat has hurricane roll down shutter and 7 security cameras.
Business has numerous commercial accounts consisting of hospitals, doctors, therapists and local restaurants. Business also owns its own mops, mop towels, kitchen towels, aprons and tablecloths, which they lease out; an inventory valued at $80,000.
Dry-cleaning is outsourced.
Drop wash/dry/fold is $1/lb
Business has an SBA loan of $174,000 amortized over 20 yrs with a “disaster” interest of 2%.
Husband passed away recently and wife would like to sell.
- General information
- Years established:49
- Trading hours: 7:30 am to 8:30 pm
- Real Estate: Real Property Included
- Support & training:Seller will train for two weeks
- Reasons for selling:Husband passed away and wife would like to retire
