Financing: $450,000.00 Down and The seller prefers all-down offers, but can suggest a couple of
institutions who specialize in financing laundromats acquisitions
if need be.
Reason for Selling:The seller is re-locating to Florida
This Long Established & Quite Profitable Absentee-Run Laundromat
is located in an ideal neighborhood for a business like this. You will
find 17 Huebsch washers and 20 Huebsch double-stacked dryers
comfortably spaced out over 1,000 sq. ft. They are 12 years old and
have been very well maintained. The seller represents that you will
most likely start off grossing $430K and netting $100K, annually.
As a hands-on owner/operator, there is considerable upside to that,
assuming you can make the time to do the local pick up & delivery,
while your 3 loyal part-time attendants tend to everything in-store.
Roughly, 55% of gross sales derive from wash and fold, 39% from coin-
operated self-service, 3% from soap sales, and 3% from dry cleaning.
These numbers should improve as the lingering effects of the pandemic
on the laundromat business continue to subside. The owner will consider
selling this laundromat and laundromat listing 34771 as a package deal.
He has kept excellent records that should check out once you are in the
due diligence phase under a letter of intent. You can add another 10 or so
machines to the basement, should you want to build up a 24/7 commercial
laundry business to go with the existing retail one. Please do not say anything
to the employees and customers about the business being for sale, as they
are as yet unaware.Kindly email the listing broker, Jay Goldman,
at email@example.com, to make an appointment to speak with the seller.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at firstname.lastname@example.org or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.