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Laundromat in Des Plaines with loyal customers

Des Plaines, IL
Asking Price:$165,000
Rent:$3,000/Month
Inventory:$180,000
FF&E:$7,000
Listing ID: 2150915Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great location next to apartment buildings, hospitals & nursing homes

AVAILABLE!!!! Dreaming of owning a turnkey laundromat with solid base of loyal customers? Then this is the laundromat for you! This laundromat/coin laundry has been an established business in more than 4 decades in this great Des Plaines location strategically located near multiple apartment complex, hospital, nursing homes and businesses. Most loyal customers have been coming to this laundromat for the last 10-20 years and has been a part of their weekly routine. There is plenty of opportunity to build new customers as well with the wash and fold services, walk-in and commercial customers. We have Newer (year 2018/2019) 29 machines (28 newer), 12 dryers and 17 washers. Owner is willing to train potential buyer for 3 months. Serious buyers only, No Seller or Bank Financing, Funds must be ready at closing. Proof of funds is required for all offers submitted.

ATTACHED DOCUMENTS
Business-Purchase-Letter-of-Intent-Template.pdf.pdf Download
Business Sale Non Disclosure Agreement Form.pdf.pdf Download
DETAILED INFORMATION
Location
Des Plaines, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
01/02/2027
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business has long term lease with option to renew. Assets includes 29 machines, 1 vending machine, 3 coin machines, new surveillance cameras & 2 brand new TV.
Competition
This laundromat is surrounded by apartment rentals and condominiums, there is great opportunity to expand in wash and fold service.
Growth & Expansion
The business can expand with the wash and fold subscription base. We already started with few families.
Financing
CASH AT CLOSING; Heloc, Private Equity, welcome. No seller financing available.
Support & Training
Owner can train for 3 months on business operations, wash and fold service and marketing.
Reason for Selling
Retirement
BUSINESS LOCATION
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ruby castelar
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