This is an Express Sale
Sale Ends Mar 31st 2017

Laundromat

Express ID: 1042

Middlesex County, CT
This Express Sale Ends In

Suggested Offer: $210,000


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This Listing Has 122 Indications of Interest - Act Fast!

Business Description

Excellent and hard to find Laundromat with close to 6 figure income with 90% equipment still under warranty!! And still lot more is possible in this business: advertise and ,market wash, fold & dry and its same day service. Excellent location near all major shopping area with lots of parking and long term lease. Business is going up due to great reputation and customer service. Brand new equipment: only 1&1/2 year old. This business features 31 washers( one 7 load, three 6 load, seven 5 load, nine 4 load and eleven 3 load Wascomat Washers) It has 28 dryers ( 10 Electrolux, 8 Speed queen and 10 Wascomat) Business also features newer tables, TV, Snack and soda and toys machine. Trash removal and outside maintenance is handled by the landlord.

Financial Info

Asking Price $279,000
Gross Revenues $168,000
Down Payment $279,000 Down and

Q & A Register to View

Q: Why are you selling this business?

A: Moving.

Q: Do I need experience?

A: No experience needed.

Q: How many years are left on your lease?

A: 20 years.

Q: How many hours per week are you on premises?

A: 40 hours +

Q: Outside of the owner(s), is there a manager or anyone who can act as the manager?

A: Yes.

Q: Are there any new competitors in the area I should be aware of?

A: No

Q: How long have you owned the business?

A: 3 years

Q: Can the business be run on an absentee basis?

A: Yes.

Q: If you had unlimited funds, what would you do to grow the business?

A: Advertise more.

Q: Have you had any legal/tax issues in the past?

A: No.

Q: Are there any special licenses/permits I would need to run the business?

A: No

Q: What do you feel is the biggest impediment to growth?

A: Space.

Q: Do you have clients under contract?

A: No

Q: Do you have patents/trademarks?

A: No

Q: Are there any one or two clients that make up a majority of your sales?

A: No

Q: What has been your sales trend for the past 3 years? Up, down, flat?

A: Up

Q: How old is the equipent.

A: 80 % of the equipment,

Q: Are you willing to finance a portion of the sales price?

A: Yes.

Q: Do you have an asset list? Do you own all equipment in your business?

A: Yep