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Established Coin Operated Laundromat (all Cash)
Location: United States -> Arizona -> Kingman
Industry: Business Services > Laundry




Business Summary

This business is extraordinarily easy to operate and turns a high profit. It can even be a passive income if managed by a trusted employee. Best of all, it is all cash! Who doesn't like that? The beauty of this business is that no experience in the industry is required to operate this store. This business is also recession proof. The coin-operated laundry industry has always been thriving, and the need is constant.
This business has multiple income sources. Along with the income of the coin operated machines, we also offer a wash and fold service with an established clientele basis. (We have maintained the records of the wash and fold services and a list of customers) We also sell relevant laundry supplies. (soap, fabric softener, etc.) The store underwent a remodel five years ago, which included the purchase of twenty new washers and twenty new dryers. Since then, the building has received a fresh coat of paint, a new water heater, and various smaller renovations. Financial records, utility bills, and receipts are available to go through with signed NDA. We own the property but plan to net lease the building to the buyer.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Few weeks after sale.
Reason For Selling:  Retirement




Print Listing Id: 700280391
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Also See: Franchise Opportunities > Franchise Resales > Arizona Businesses For Sale > Arizona Franchises For Sale > Arizona Business Brokers



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