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Coin Laundry
Location: United States -> California -> Northern California - All Northern California -> Modesto
Industry: Business Services > Laundry




Business Summary

Business price: $80,000

-Gross sale: $6,500 /month.
-Store size: 1100 sq.ft. estimated.
-Owner owns the business from last 3.5 years.
-Business Hours: 8am to 9pm.

-Equipment: Almost 12 years old.
-19 Single washer machines. Washers can handle upto 50 lbs.
-8 dryers. Dryers can handle 30 lbs.

Expenses:
-Rent: $1242 /month.
-Electric Bill: $350/month average.
-Gas Bill: 600/month average.
-Water & Sewer Bill: $450/month average.
-Repairs: $200/month average.

Total Expenses: $2840 /month.

-Lease: 5 years left (But buyer can get new long lease from landlord).
-Reason to sell: Owner want to move out of state.
-Owner can carry the rest of balance with $50,000 down payment for qualified buyers only.

Prospective Buyer needs to sign Confidential Agreement before any further information is provided.

Notice: Buyer understands that Western Singh Brokers (''Broker'') or its agent(s) does not audit or verify any above information given to or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other facts which might influence Buyer's purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer's own investigation and that of Buyer's legal, tax, and other advisers and not that of Broker or its agent(s).


Financials

Asking Price Range:  < $250K
Gross Revenues:   $84,000
Cash Flow:   $42,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2008
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Moving out of state.




Print Listing Id: 700161141
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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