Hot Listing

New Equipment, Remodeled & Growing Laundromat-Near Holbrook -$375,000

Asking Price$375,000

Cash Flow
$72,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$210,000

InventoryNot Disclosed

FF&ENot Disclosed

listing imageSave
Hot Listing

New Equipment, Remodeled & Growing Laundromat-Near Holbrook -$375,000


Asking Price$375,000

Cash Flow
$72,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$210,000

InventoryNot Disclosed

FF&ENot Disclosed


Seller Financing Available
Business Description
Great Opportunity to own a newly retooled & renovated store in great area.

Financing Available: $230,000 cash down payment and bank loan of $145,000 for 5.5 years at 8.99% with a payment of $2,080. This is a current loan that is assumable.

Store is located in well appointed and maintained plaza.

It's about 1800 sq. ft. with rent about $2500 and 11 years left on lease.

THIS STORE HAS BEEN REMEDOLED & RETOOLED WITH NEW EQUIPMENT IN LAST 3 MONTHS. SALES HAVE BEEN GROWING SINCE IMPROVEMENTS.

IMPROVEMENTS: New washers, 6 new dryers, new exterior sign, new boiler, paint and maintenance done to infrastructure such as cleaning vents, etc.

23 NEW washers, 32 Dryers (6 are NEW & 26 are 10-12 years old,)

This store is currently run fully attended. Has growing wash & fold business doing about 1200 lbs. a week and growing.

Owner realized store required more time than he thought after he remodeled and he didn't have the time he thought. This is why he is selling.

There is nothing to do with this store but come in and manage and continue to build sales. Sales have been steadily growing each month after remodel and new equipment.

$375,000 FIRM

Financing Available: $230,000 cash down payment and bank loan of $145,000 for 5.5 years at 8.99% with a payment of $2,080. This is a current loan that is assumable.
About the Business
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,800
Rent
Not Disclosed
About the Sale
Financing Options
$230,000 cash down payment and bank loan of $145,000 for 5.5 years at 8.99% with a pa
Listing Info
ID
2382437
Listing Views
1359

Contact Seller

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Business Listed by: John M. Bedosky JB & Associates

Listing ID: 2382437 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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