Services - Drycleaning/Laundry

Asking Price	$205,000	Inventory
Gross Income	$215,000	Real Estate
Cash Flow	$47,000	Year Established	1980
FF&E	$209,000*	Employees	4

* included in the asking price

** not included in the asking price

Coin Laundry - Absentee Operated

This coin laundry is located N.E. of Cincinnati in a well populated, growing area. Occupying the same facility for over 10 years, this business has steady, repeat customers and limited competition. The business has over 60 washers and dryers with capacities up to 60 pounds. The business is operated primarily absentee with the owner devoting a couple hours a week in bookkeeping. The owner uses outside help for all repairs. The business is located in a large shopping center which provides excellent access, parking and high visibility. The facility is clean, bright with many windows and has an atmosphere of a well maintained operation. INVESTMENT HIGHLIGHTS: Absentee Business Limited Competition Profitable History REASON FOR SALE: The owner is retiring from his regular employment and would also like to remove the responsibility of owning a business. PURCHASE PRICE: The business is offered at $205,000 based on an asset sale, free and clear of debt. The original cost of the assets of the business is in excess of $200,000.

Facilities: 4,000 sq ft leased facility. In shopping center but standalone building. Clean, bright interior.

Competition: Very little competition

Growth/Expansion: There are several areas of opportunity to increase sales and profitability of the business: Become a drop-off store for dry cleaning. For an owner who is mechanically inclined, repair of minor equipment problems could save $5,000 or more each year. An owner who wishes to work in the business on a regular basis could save a good portion of the $44,000+ in employee wages paid each year.

Support/Training: As needed - simple business, run absentee

Reason Selling: Retirement