Listing ID: 70145
Business Overview
Well-established laundromat that has been operating in the same location for approximately 30 years. The current owner acquired the business about one year ago but is selling in order to free up capital to complete the build-out of a hookah lounge he is developing next door. The owner also operates a store in the same plaza, making this a motivated sale.
Equipment
• 20 Washers
• 20 Dryers
• Machines approximately 15 years old
Financial Overview
• Net Profit: Approximately $5,000 – $6,000 per month
• Financial Documentation: Limited financials available (water and electric bills provided)
Employees
• One full-time attendant who has been working at the laundromat for nearly 30 years
• One part-time employee earning approximately $1,200 per month
Lease
• Rent: $4,800 per month
• Lease Term Remaining: Approximately 14 years
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711
Financial
- Asking Price: $150,000
- Cash Flow: $66,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
Detailed Information
- Property Owned or Leased:Lease
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Yes.
Other business interests.