Listing ID: 72964

Business Overview

Business Highlights

Established, profitable laundromat

Semi-absentee ownership

Annual gross revenue: approximately $240,000

Annual cash flow / SDE: approximately $70,000

Asking price: $375,000

Strong cash flow margin: approximately 29.2%

Excellent long-term lease: approximately 11 years remaining

Low monthly rent: only $2,800/month

32 modern Huebsch machines

16 washers

16 dryers

Equipment is approximately 4 years old

Clean, modern, well-maintained facility

3 part-time employees

Approximately $50,000 annual payroll

Established wash-and-fold service

Modern card payment system

Low reported utility expenses:

Water: approximately $400/quarter

Gas: approximately $815/month

Electric: approximately $1,075/month

Sewer tax: approximately $800/year

Opportunity for an owner-operator to increase profitability

Potential to expand wash-and-fold volume

Opportunity to introduce/expand pickup and delivery

Potential for additional commercial laundry accounts

Opportunity to improve digital marketing and local promotions

Potential to implement loyalty programs and increase repeat business

Opportunity to optimize machine pricing and utilization

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.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $375,000
  • Cash Flow: $70,000
  • Gross Revenue: $240,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • 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:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.