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Coin Laundromat
Location: United States -> Maryland
Industry: Business Services > Laundry




Business Summary

- VERY POPULATED & BUSY area.
- Drop off service: $1/lbs.
- Drop off Dry Cleaning $2/lbs.
- First 5 lbs: $10.
- Blanket: 5 lbs: $10.
- Each Additional : $2.
- Phone card Gross Sales: $2,700 /month.
- Drinks Gross Sales: $1,000 / Month.
- Other source of income: Detergent, Bleach, and Laundry bags.

Machine information:
Dry: 26 with good condition.
Wash: 12 new and 7 with good condition.
7 x 20lbs, 9 x 20lbs, 2 x 40lbs, 8 x top load.

Business Details:
Gross Weekly Sales: $6,000.
Owner's Annual Net: $144,000.
Building Size: 1,800sq. ft.
Monthly Rent: $3,000, CAM: X, Tax: X, Condo Fee:$340/Month.
Lease: 11 years (10% increase in every 5 years).

Monthly Utilities:
- Water: $3,000 - Gas: $3,300 - Electric: $500.
Number of Employees: 3 Part time.
Employee Payroll: $1,800/Month.
Business Hours: M-F: 7:30 am to 10 pm, Sat-Sun: 7am to 10:30pm.
Inventory: $1,000.
List Price: $500,000 plus Inventory.
Contact for more information on this Coin Laundromat business for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $312,000
Cash Flow:   $144,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1995
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  1 week.
Reason For Selling:  Interested in other business.




Print Listing Id: 70038419
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Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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