MergerPlace

Unattended Coin Laundry

Washington (Spokane)


  • Asking Price: $85,000
  • Gross Income: $83,313
  • Cash Flow: $37,090
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $72,995
  • Listing ID: #200963
  • Established: 2003
  • Employees:

Business Description

There has been a coin operated laundry at this location for over 25 years. The current coin operated laundry at this location was started in 2003 and purchased by the seller in 2006.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Washington
County: Spokane

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $85,000
Gross Revenue: $83,313
Cash Flow: $37,090
FF&E: $72,995
Seller Financing Available: No

Property Information

Facilities:

Clean, well appointed and equipped 3,000 sq. ft. section of a high traffic strip mall with multiple businesses including a convenience store, day care and retail food establishments.

Growth & expansion opportunities:

Potential for growth is excellent with the addition of a social media campaign including the development of a company website and Facebook page.

Competition:

There are other laundromats in adjoining neighborhoods. However this facility has a well established client base with an average of 125 customer visits per week.

Reason for selling:

Seller currently houses unattended coin laundry and commercial laundry and delivery service in the same building. Seller is moving the commercial laundry and delivery service to a new location and selling the unattended coin laundry.

Support & Training:

Will train for 1 week @ no cost. Coin operated washers, dryers, vending machines and detergent dispensers. Open 7 days a week from 7:30 a.m. to 10:30 p.m. Doors lock and unlock automatically so owner does not need to be onsite for openings and closings. Washington State business license required. Reasonable business acumen required. Check in daily to collect money and check on equipment. Current owner works 20 hours per week.

Contact Business Seller

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Business Listed By:

Brian Southworth

Murphy Business Brokers