Profitable Coin Laundromat
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| Location: Phoenix, AZ | Listing # L184 |
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Financials Asking: $589,000 Included in the Asking Price: Furniture, Fixtures & Equipment: $100,000  Gross: $400,000 Cash Flow: $183,000 |
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Summary Description This coin laundromat has a great location, with just the right demographics, and it is the most profitable laundromat currently available for sale in the Phoenix metro area. The new owner will receive a turnkey operation. Six washers and six dryers have just been added, as well as three new vending machines and new signage. Monthly revenues have increased by 23% since last October. The $183,000 annualized cash flow reported above is based on actual earnings through August 2008. The (absentee) owner wants to retire. Rent is $4,500 per month plus CAMS for the next 3 years, then 10 years of lease and 15 years of options are available. |
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General Information Year Established: 1996 Employees: 1 Facilities: This is a well located great looking facility that has just been remodeled, with several additional machines and new signage. The stand-alone corner property has excellent visibility from a busy street, easy access, and lots of parking. Their well maintained equipment package includes 56 washers (13 large, 23 front, 20 top) and 46 dryers. |
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Market Outlook Competition: Location! Location! Location! This one has it. It also has a very pleasant and safe atmosphere, and very competitive pricing. Their closest competitor (about 1 mile away) does not even compare. Growth and Expansion: Drop off dry cleaning and wash, dry and fold could be added and there are 3 areas in the laundromat that could be used for sub-tenants, such as check cashing, alterations, cell phone providers, insurance, etc. |
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About the Sale Financing: Seller will finance 1/2 of PP @ 8% interest only for 3 years. Support/Training: Seller will provide 90 days free consultation after the sale. Reason Selling: Majority partner wants to retire. |
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| To get more information on this business click here: Non-Disclosure |
| The information in this listing has been provided by the seller. A to Z Business Brokers has not verified any of the information and assumes no responsibility for its accuracy or completeness. |
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Dennis Reardon Bus: (602)992-8357 Fax: (602)485-5152 Cell: (602)359-5573 P.O. Box 30757 Phoenix, AZ 85046
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