Listing ID: 73270

Business Overview

Projected Gross Revenue: $116,324.40
Projected Net Income: $50,120.40

Expenses:
Rent: $33,000.00
Water: $18,984.00
Gas: $7,200.00
Electric: $3,600.00
Maintenance & Repairs: $1,800.00
Supplies: $600.00
Phone & Internet: $1,020.00

Business Highlights
• Established self service laundromat serving the area for approximately 20 years

Recent renovations cost upwards $15,000

• Unattended operation, providing an attractive opportunity for an absentee owner or experienced multi store operator

• Exceptional long term lease with approximately 24+ years of potential occupancy remaining, including renewal options

• Current lease consists of a 15 year initial term plus two additional 5 year options

• Favorable rental rate of approximately $18 per square foot

• Located in a dense renter market with approximately 10,000 residents within one mile and approximately 60% renter occupancy.

• Recent renovations include new porcelain tile, repaired walls, fresh paint, and general cosmetic improvements

• Existing equipment includes 22 washers approximately 23 years old and 22 dryers approximately 19 years old, creating a significant modernization opportunity

• Existing utility history and operating information available to qualified buyers for due diligence

Growth Opportunities

• Replace existing machines with newer, higher efficiency commercial laundry equipment

• Introduce a modern card, mobile payment, or hybrid payment system

• Previous ownership generated additional revenue through convenience items, snacks, ice cream, and other retail sales, providing an opportunity to reintroduce ancillary income streams

– Adding In house Wash & Fold, PickUp & Delivery, Commercial Accounts

• Reintroduce wash and fold and pursue additional commercial laundry accounts

• Increase local marketing and customer acquisition efforts

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: $220,000
  • Cash Flow: $50,120
  • Gross Revenue: $116,324
  • 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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.