8003-13258 Unattended Coin Laundry

Undisclosed Address, Washington
Business Opportunity for Sale
Catylist Listing ID: 30148246
Property Subtypes: Personal
Building Size (RSF): See Agent
Sale Price: $85,000
Year Business Established: 2003
Gross Revenue: $83,313 (Annual)
Cash Flow: $37,090 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

There has been a coin operated laundry at this location for over 25 years. The current coin operated laundry at this location was started in 2003 and purchased by the seller in 2006.

Additional Details

Industry Segment: Coin Laundry
Reason for Selling: Seller currently houses unattended coin laundry and commercial laundry and delivery service in the same building. Seller is moving the commercial laundry and delivery service to a new location and selling the unattended coin laundry.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $72,995
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Clean, well appointed and equipped 3,000 sq. ft. section of a high traffic strip mall with multiple businesses including a convenience store, day care and retail food establishments.
Employee/Labor Description: Monday-Sunday 7:30am-10pm
Mgmt/Training Support Description: Will train for 1 week @ no cost. Coin operated washers, dryers, vending machines and detergent dispensers. Open 7 days a week from 7:30 a.m. to 10:30 p.m. Doors lock and unlock automatically so owner does not need to be onsite for openings and closings. Washington State business license required. Reasonable business acumen required. Check in daily to collect money and check on equipment. Current owner works 20 hours per week.
Competition/Market Description: There are other laundromats in adjoining neighborhoods. However this facility has a well established client base with an average of 125 customer visits per week.
Growth/Expansion Opportunities: Potential for growth is excellent with the addition of a social media campaign including the development of a company website and Facebook page.

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