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Coin Laundry With Bundle
Location Tennessee,United States
Asking Price Range < $250K
Gross Revenues $88000
Net Profit / Cash Flow $23000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2004
Number of Employees 1 - 3
Inventory 51500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Retirement
Description ASKING: $65,000
Coin Laundry business for sale nearby Nashville, TN. Great location, in the same strip mall as Kroger Grocery store. It was bought in 2004 from an existing owner and doing $88,000 a year in sales with a profit margin around $23,000. They have a great bundle service side and do a lot in that, the owner operates the location and handles the bundle service. There has been zero marketing thereby leaving optimum room for growth. The owner is at the age to retire and is ready to slow down. Assets include:
23- Top Load Washers (GE - 15 machines) (Speed Queen - 8 machines),
4- Front Load Double Washers (Wascomat ),
4- Front Load Triple Load Washers (Wascomat ),
20- Dexter Dryers,
Hot water heating system - 2 Paloma Gas Heat on Demand Units with Control Module,
Coin Changer machine (standard) w/o quarters,
Coke Vending Machine w/o product,
Candy Vending Machine w/o product,
4- Closed Circuit Camera Monitoring System w/ computer / internet access monitoring,
Laundry Aid Machine ( Soap and Bleach ) w/o product,
Folding security gates/ barriers for store front counter,
Automatic front door lock (and unlock) with timer,
6- Laundry Carts,
Television,
Cash Register,
Microwave,
Refrigerator (GE),
Wet Dry Vac,
2- Storage Room Cabinets,
5- Cloths Folding Tables,
Mop Bucket and mop handle,
Broom w/ long handle dust pan,
Table Fan,
Wall Clock,
Telephone,
Cloths Racks,
Scales for weighing clothes,
Neon Open Sign,
Neon Wash and Fold Sign,
Neon Coin Laundry Sign,
Outdoor swing sign
Month to month $1,800 rent sq. ft. is approximately 1,500 sq. ft. Great location, high foot traffic and located in Kroger Grocery store plaza just outside of Nashville. Buyer will personally have to be approved by Kroger to transfer lease.
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