Business for Sale
Laundromat
Businesses for Sale in Ohio, Laundromats for sale
Business Id : BSM728
Location : Ohio > Warren >
Category : Laundromats >
Website Link : N/A
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| Summary : |
| Attended Coin Laundry S-2119 This attended coin laundry is located N.E. of Cincinnati in a well populated, growing area. Occupying the same facility for over 25 years, this business has steady, repeat customers and limited competition. The business has over 68 washers and dryers with capacities up to 60 pounds. The business can be operated primarily absentee (6 hours/wk) with the owner only needing to empty the coins from the machines and do some bookkeeping. A new market is being developed which is currently requiring the owner to spend more time in the business. This new market has significant growth possibilities. The business is located in a large shopping center which provides excellent access, parking and high visibility. The facility is clean, bright with many windows and has an atmosphere of a well maintained operation. The business leases its 4,000 sq. ft. facility. It has been at this location since 1996. The base rent is $2,333 per month plus a common area maintenance (CAM) charge that brings the monthly rent to $3,000 per month. The current lease started 1/1/2010 and ends 12/31/2019. At five years the rent increases 14%. INVESTMENT HIGHLIGHTS: > Can be operated as a semi-absentee business > Profitable history > New market being developed with high margins There are several areas of opportunity to increase sales and profitability of the business: > Become a drop-off store for dry cleaning. > A marketing plan is needed to further develop this new market into a major revenue source. REASON FOR SALE: Family health problems. PURCHASE PRICE: The business is offered at $235,000 based on an asset sale, free and clear of debt. The original cost of the assets of the business is in excess of $230,000. FINANCIAL SUMMARY: Revenues $190,000 Cash Flow $ 40,000 ACF: Profit/Cash Flow the business generates to the owner after adjustments. |
| Business Competition : |
| Available upon Request. |
| Business Expansion : |
| Available upon Request. |
| Reasons for Selling : |
| Health |
Uploaded Documents:
Available upon Request.
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