Asking Price:

$174,900

Gross Income:

$56,000

Cash Flow:

$12,000

EBITDA:

$12,000

FF&E:

$20,000.00 *

Inventory:

$1,000.00 **

Real Estate:

$125,000.00 *

Year Established:

1980

Employees:

N/A

Business Types:

Drycleaning/Laundry Services
Other Personal Services

** not included in the asking price

* included in the asking price

Business Description

This self service laundromat has been in operation in Billings for several decades. The owners have operated the business for several years and now wish to slow down. The business consists of the self service laundromat, a pickup and delivery service, drop-off service and a few commercial contracts. In addition, there is a small snack bar that is open for a few hours a day. Adjacent to the laundromat is a two-bedroom single family home that currently is rented. A new owner could live in the home and operate the business, or continue to rent the home. Many washers are new during the past three years and the facility and equipment have been extremely well maintained.

The owners have done a nice job of maintaining and upgrading the real estate and equipment. Business revenues could be added by adding commercial accounts, expanding pickup and delivery, etc.

The business itself is self service and one does not have to be onsite during the hours it is open. The business serves a real need in the neighborhood it operates in and has long been a fixture in the community.

Inclusions

Included in the sale is the following: laundromat building and single family home on the property; All business furniture, fixtures and equipment as listed by seller; business trade name; Covenant not to compete; Business good will; copies of all customer, client and vendor lists and records; office Supplies and other supplies; Yellow page ads; current telephone listing and number.

A full line of equipment is included in the sale of this business. A list of equipment is available from Tom Emerling of Yellowstone Business Acquisitions.

Please contact Tom Emerling to request a confidentiality agreement to obtain all information on this business. You can also go to www.yellowstonebusiness.com, click on "Buyer services" and then "Buyer Registration" and complete the confidentiality agreement electronically.

Detailed Information

Facilities:

The Laundromat and snack bar are located in a 1,210 square foot commercial building The single family home is a two bedroom, one bath residence with a partial basement. The Yellowstone County courthouse lists the square footage of the home at 1,004 square feet with a 224 square foot basement. The Laundromat and home are located on a 7,000 square foot lot, with curb, gutter and sidewalks in. The single family home rents for $650.00 per month plus electric and gas.

Competition:

This business serves a local neighborhood with little competition.

Growth/Expansion:

Business could be grown through expanding the commercial accounts if desired, also could expand on the pickup and delivery service and drop-off service.

Support/Training:

Owners will stay and train new owner in all facets of the business if desired.

Reason Selling:

Owners wish to slow down.

Broker Information

Tom Emerling

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