24 Hour Laundromat In Tourist Area

TN

24 Hour Laundromat In Tourist Area

Asking Price:$299,000

Cash Flow:$62,242

Gross Revenue:$120,650

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2002

24 Hour Laundromat In Tourist Area

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Business Description

This opportunity consists of a 3200 square foot retail space. The primary business line is the Coin Operated Laundry. It is currently the only laundromat in the city. The laundromat is a self-service coin operated laundromat that is open 24/7. The second part of the building is divided into two suites. The rear of the building houses the Self-Service Commercial Linen Laundry Facility that is for business use only and is rented or contracted out by the hour or by the day to different businesses. The front of the building has additional space, currently being sublet for revenue, but gives you an option to grow.

Detailed Information

Facilities:
Coin laundry is approx. 1507 square feet with medium (22-lb) to large (40-lb) capacity front load Wascomat Washers and 30-lb natural gas dryers. The commercial laundry is approx. 728 square feet with 2(55-lb) Wascomat Washers, 2(40-lb) Wascomat Washers, 4(45-lb) Wascomat Dryers, 3-Folding Tables, 2-Laundry Baskets, and 6 sets of Wire Shelving. The subleased area is approx. 965 square feet.
Competition:
Its the only laundromat in the city and the closest competitor is about 8 miles away in another city.
Support & Training:
2 weeks
Reason for Selling:
Other business ventures

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Jason Barnes

Business Listed By:
Jason Barnes

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