Growing Coin Laundry Business For Sale
Location Alabama,United States
Asking Price Range < $250K
Gross Revenues $72988
Net Profit / Cash Flow $36053
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 1 - 3
Inventory 266500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training
Description This is a growing coin laundry in a very well placed location in downtown Birmingham. All the hard work; the location search, the remodel, the build out, the signage, the marketing has been done.
The laundry is fully equipped with all new Maytag equipment in a newly remodeled free standing space. There is, now, one full year of customer exposure and growth. There is excellent street front signage and very ample parking. The owner operates the facility absentee but keeps track with a top of the line security system. There are three other laundries in the community but none compare to the quality of this one.
The total debt of the equipment package as of January 1 , 2011 is 226,000 and is likely assumable to a financially qualified individual. The seller is extremely motivated and would consider all offer and structures.
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