Busy Coin Laundromat With Side Income
Location Dist. of Columbia,United States
Asking Price Range < $250K
Gross Revenues $240000
Net Profit / Cash Flow $108000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1995
Number of Employees 1 - 3
Inventory 250000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks training.
Reason for Sale Relocation.
Description If you ever wanted a well established laundromat in key location that makes money constantly then this is the one. It has a total of 80 machines. 31 Dryers that charge .25 cents for 6 minutes & .50 cents for 10 minutes. 49 Washers that charge $2.00, $3.00, $4.00, or $5.00 depending on wash load. Store offers wash, dry, fold service in addition to fax, copy, notary, keys made, lottery, cigarettes, ATM, soap & soda, telephone cards, money transfer, phone cards, refill prepaid phone cards. Total Utility bills: $1,600/mo. approximately. Telephone bill: $100/mo. Trash: $100/mo. Accounting: $100/mo. Payroll: $1,000/mo. Laundromat revenues are: $17,000/mo. from washing & drying. Side Income: $3,000/mo. NET additional. Owner's wife works day time & another employee works evenings & pays her $7.00/hr. Real opportunity for future growth as well. Opportunity of a lifetime!
Facilities: A spacious 2,560 sq/ft coin-laundromat facility that is well utilized. Rent: $3,000/mo. + $300/mo. CAM. Currently has 9 years left on lease.
Competition: Prime location
Growth and Expansion: Possible by utilizing booth inside the store to sell drinks/ice cream/smoothies. Additionally, owner currently opens 8-8 throughout the week BUT new owner can open 24/7 to respond to huge & growing customer demand.
Contact for more information on this Laundromat for sale.
Click Here To Contact Seller
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