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Businesses For Sale   >>   Florida Businesses For Sale Categories   >>   

Six Profitable Coin Laundries

Location  Florida,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $767000
Net Profit / Cash Flow  $281000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2008
Number of Employees  1 - 3
Inventory  1098000
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  30 calendar days
Reason for Sale  Other business interests
Description  LAUNDROMAT: Six (6) proven profitable coin laundries have become available in Northeast Florida. Per books the 2012 net annual income to owner after all expenses will be approximately $243,000, with some stores new (partial year) in 2012. Full year run rate per books is $281,000. Equipment in three of these Laundromats is less than 3 years old. Total value of equipment at owner's cost is $1,098,000. These coin laundries provide a stable, virtually recession-proof income. Resupply of vending machines, along with collecting and depositing cash requires 3-4 hours a day for all 6 stores. The owner is an industry veteran who located these coin laundries in prime cash flow sites, and has equipped them for efficiency and longevity.
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