Laundromat For Sale
Location British Columbia,Canada
Asking Price Range < $250K
Gross Revenues $150000
Net Profit / Cash Flow $56000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description Busy successful Laundromat for sale (owner likes to retire and do dance competition). Laundry has 44 machines. One is a brand new Dexter triple washer. Business includes self serve coin laundry, transfer (customer starts, we finish), customer drop off (we wash, dry, fold, iron), dry cleaning (we split the income with a dry cleaner), some alteration and repair. We do some contract work for BC Ferries, have some local doctor offices. We service the many apartments in the neighborhood. So far we have not really advertised to get even more business. The laundry is in a well kept little mall which also contains Panago pizza, a quality Greek restaurant, a top haircutting salon, a facial massage business and a clothing store. Across the street is the Mazda car dealership. The location is very ideal. We also get some of the tourist business. The Laundromat was newly renovated with new interior design, new floors put in, new paint job, new furniture. We also have internet and TV and sell refreshments and snacks. This business would be ideal as a family run business. The business has been priced lower than most Laundromats considering the gross income of at least $140,000 per year. Rent is $4,200 / month.
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