Coin Laundry and Full-Service Laundry Business for Sale
Texas
| Asking Price: | $1,550,000 |
| Gross Revenue: | $637,365 |
| FF&E: | $770,000 |
| Cash Flow: | $257,785 |
| Inventory: | $2,000 |
| Established Year: | 1990 |
Listing ID: 2243686Listing provided by BizBuySell
BUSINESS DESCRIPTION
This full-service laundry business has four locations with which to serve a variety of customers and their varying laundry needs. They offer self-service – that can be paid for with both coins and credit cards, as well as wash and fold laundry, dry cleaning, and commercial laundry services. This impressive business even offers pick-up and delivery.
These laundry facilities are the only game in town in a four-county area, making them the go-to business for a vast number of people across a wide area.
This business features reliable washers and dryers that can take 2 to 6 loads of laundry at a time, keeping happy customers as they are able to do more laundry in less time.
DETAILED INFORMATION
Location
Texas
Inventory
Included in asking price
Real Estate
Leased
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The real estate provides separate laundry facilities in four distinct locations, with an aggregate of just over 15,000 sf on parcels covering approximately 75,000 sf, and is available for an additional $1,680,000, yielding a total package price of $4,150,000.
Competition
These laundry facilities are the only game in town in a four-county area making them the go-to business for a vast number of people across a wide area.
Growth & Expansion
The population is continuing to grow in all of these counties. Additional stores could be added.
Financing
$1,200,000 down/$350K over 120 mos. @ 8%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owners are retiring.
Report an Issue with this listing
