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Coin Laundry - South St. Petersburg, FL

St. Petersburg, Florida (Pinellas County)

Services - Drycleaning/Laundry | Services - Other Miscellaneous services

$Seller Financing Available

Asking Price $60,000 Inventory  
Gross Income $62,000 Real Estate  
Cash Flow $23,000 Year Established 1996
FF&E $120,000* Employees N/A

* included in the asking price

** not included in the asking price

Coin Laundy - Great Deal / Turn Key

FOR SALE COIN LAUNDY IN SOUTH SAINT PETERSBURG, FL -Featuring top of the line Dexter equipment - Dual validator Standard coin machine - Newer air conditioner - Web based security system (watch the store on the internet from anywhere) - Good location with ample parking. Landlord is flexible on lease terms. I am a finance professional who has owned a few coin laundries over the years. My company is relocating me out of state and I must sell this store before leaving. The store is currently being run 24 hours unattended, but could support wash/dry/fold service. The coin laundry industry is one of the last true all cash, no account receivables, no account payables businesses. The tax advantages are great and the store can be managed even if you have another full time job. I purchases this store four years ago, gutted it and completely remachined and remodeled. The store had solid sales and profits the first two years. Due to the travel my job has required of me over the past two years I have not been able to devote the time necessary to this store. I have invested over $160K in equipment and improvements. I am selling it for $60K. I can finance a portion of the purchase. The store is on track to do $60K in sales and $25K in owners profit. These numbers can be much improved, in short order, with the right management attention. Two years ago the store did $80K sales/ $32K profit. If you are interested please call Gus at 727-4704307. SERIOUS INQUIRES ONLY PLEASE.

Facilities: Equipment List: 1 Dexter 70 lbs Washers 1 Dexter 50 lbs Washers 3 Dexter 40 lbs Washers 4 Dexter 30 lbs Washers 2 Dexter 18lbs Washers 6 Speed Queen Top Loaders 1 Standard Dual Validator Change Machine 1 GV600 Security System 2 TV s

Growth/Expansion: Lots of upside potential for new owner with time to committee to the business. Could add wash/dry/fold which would increase sales/profits significantly.

Seller Financing Available: Yes

Financing: Seller Financing Possible

Support/Training: This is a turn key operation. I will provid all the training and support the new owner needs for 2 weeks after purchase.

Reason Selling: Company is relocating me out of state.

Business For Sale By

Gus Crespo

727-470-4307

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