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Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Well Located Coin Laundromat

Location  Ohio,United States
Asking Price Range  < $250K
Gross Revenues  $141000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1993
Number of Employees  1 - 3
Inventory  120000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Retirement
Description  This Coin Laundromat is located on a high traffic street with easy accessibility in Cuyahoga County. It is clean and bright. The Laundromat was built in 1993. The current owner has owned it for almost 8 years, works 2 jobs, put his children thru college, and wants to retire. So, he has priced the business to sell, asking only $230,000. This is a large Laundromat utilizing 54 Washers and 52 dryers (26 Stack Dryers with 2 dryers per stack) as well as several vending, game, and snack machines. The owner estimates they are one of the largest facilities in their area. In addition to the owner/manager, they employ 2 attendants and also operate a wash, dry and fold business for those customers that choose this assistance. The business has averaged $141,845 sales revenue per year over the past 3 years. The owner values the equipment at $120,000. This laundry is well known in the community and has loyal returning customers who do not make their decisions on laundry price alone. Training will be provided for a smooth transition between owners.
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