Commercial and Domestic Laundromat

North Of Edmonton Area, AB

Seller Financing Available
Commercial and Domestic Laundromat

Asking Price:$1,499,000

Cash Flow:$254,325

Gross Revenue:$1,296,532





Commercial and Domestic Laundromat

Get Financing Save Print Share Valuation Report

Business Description

This well established business has been in operation for over 40 years. The current owners took over the company 12 years ago. They started as a simple coin laundry operation and expanded by purchasing industrial machines to meet a growing need in the oilfield and hotel industries. This very efficient and diversified business is attractive to many entrepreneurs. The business also has an industrial machine area where oilfield workers and companies can drop off coveralls for cleaning and servicing, as well as receive laundry from nearby hotels. This coin-operated laundry and commercial facility service is dedicated to consistently providing high customer satisfaction by rendering reliable machines and furnishing a clean, enjoyable and safe atmosphere at competitive prices. With renovations completed to the property in the last five years, including new machines, it is a very attractive venue to meet client needs.

Detailed Information

Included in asking price
3 f/t 7 p/t
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
4500 s/f store front property, with an excellent location and sufficient customer parking. The site is set up to accommodate commercial laundry services, i.e. hotel, oilfield companies, etc. as well as coin operated machines and tables for folding laundry. Additional space is also allotted for tanning faciilities. The business also sells coveralls, gloves, and other work related items, with an area dedicated for this use.
This is the only laundry facility in the area, therefore very little competition.Owning a coin laundry can be a very lucrative business as clients provide most of the labor. Clients are appreciative of the well-maintained equipment, pick-up and delivery services, and extended hours this company offers.
Growth & Expansion:
This business has room for expansion, and redevelopment of the facility.
Support & Training:
Reason for Selling:
Owners wish to retire

Listing Statistics for Premium Members

Ad#:1250352 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Neil Gerritsen

Business Listed By:
Neil Gerritsen

Alberta Business Sales Inc.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings