30 Year Established Coin Laundry

Aurora, CO (Arapahoe County)

30 Year Established Coin Laundry

Asking Price:$240,000

Cash Flow:$75,000

Gross Revenue:$185,000

EBITDA:N/A

FF&E:$130,000

Inventory:$4,000

Rate/Sq. Ft.:N/A

Established:1984

30 Year Established Coin Laundry

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Business Description

Established clean coin operated laundromat with 30 plus years in same location. Store Is located in a busy strip center near major intersection in Aurora with many large older apartment complexes in an immediate 2 mile radius. The laundry is staffed 12 hours 7 days a week. The staff manages the drop off and pick up of wholesale dry cleaning and performs wash and fold laundry services.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Store has a good mix of laundry equipment. There are 27 washers of varying sizes that have kept customers happy for years. 16 Washer are brand new!!! There are 34 dryer vents, that provide more than adequate dryers to keep customer flow from backing up. Lease is fair and has 5 years remaining and option to extend 5 years has been offered by landlord. Landlord has completed some recent building improvements. Owner is replacing vending equipment in near future to improve secondary passive revenues.
Competition:
The laundry serves central Aurora and has a near perfect set of demographics for a laundromat. There are several competing laundries in 3 mile radius. But a well run and well maintained laundry in this location has always and will continue generate nice revenues. Seller has replaced the majority of the washing and drying equipment in last two years. Owner plans an aggressive marketing campaign to grow business over busy winter season.
Growth & Expansion:
The store will benefit from a more hands on owner. Highest return to an owner operator that can convert existing payroll to cash flow and do some of the equipment maintenance to reduce expenses. Store could also be converted to unattended model and generate nice returns to investor. Additional marketing efforts can produce immediate increase in revenues.
Financing:
Seller may carry up to 50% for up to 5 years for right buyer.
Support & Training:
Seller will provide detailed records and support during transition.
Reason for Selling:
Seller has too many irons in too many fires.

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