Buy a Business

Established Cash Cow Laundromats For Sale

Details: Asking price:$270,000; Sales revenue:$289,659; Net profit:$91,210; Fixtures value:$47,000; Inventory value:Undisclosed

Business description: These profitable coin-operated laundromats (2 locations) have been in business for decades, and are not just great businesses, but landmarks! The owner spends little time with these businesses, but for an owner/operator buyer that has time to work in the laundries, annual cash flow could increase significantly. In 2007 one location grossed $129,404 with a cash flow of $32,454. The other location grossed $160,255 and cash flowed $58,756. This is a rare opportunity to own profitable, well established, cash businesses! Act now!

General information: Years established:1957; Employees: 9 FT; Trading hours: 7 days per week. 7:30 am to 7:45 pm; Real Estate: Lease; Lease terms:First location is in a clean building with approximately 2200 sq. ft. Corner location on busy street surrounded by apartment complexes. Central heating and air. Lease terms are 3 years with on 4 year option currently at $1,440 per month. Second location is approximately 1300 sq. ft. Corner location on busy street. Near many apartment complexes. Central heating and air. Lease terms are 3 years with one 4 year option currently at $950 per month.; Location:Surrounded by apartments on busy commercial streets. Locations cannot be better for coin laundries!!!; Expansion potential:Sales could increase with advertising.; Support & training:Seller will assist Buyer in negotiable transition period as part of purchase price.; Reasons for selling:Seller is relocating out-of-state.; Financing available?Anticipated to qualify for SBA financing.