Services - Drycleaning/Laundry

$Seller Financing Available

Asking Price	$145,000	Inventory	$1,000**
Gross Income	109,245	Real Estate
Cash Flow	$35,714	Year Established	1975
FF&E	75,000*	Employees	1 ft, 2pt

* included in the asking price

** not included in the asking price

Location, location, location. Easy to run and well established coin operated Laundromat with large was-n-fold operation. Owner just landed a contract with Delaware City refinery (extra profits). Equipment is in almost new condition (some are only 2 years old) and all equipment is in excellent working condition. 1,234 apartments are within 3 mile radius and 1,807 apartments are within 5 mile radius. Population in this area is low-to-mid income with limited competition and large family size. This is a recession proof and consistent business. Customer habits prevail in this business, so you can count on repeat or sustained business based on the historic trends, predictable sales and cash flow streams. All prospective buyers will be asked to sign a confidentiality agreement for this Turnkey operation and proven successful business.

Facilities: This business is well established in a busy strip shopping center and very visible to 68,115 daily vehicles. Equipment in the store: 20 Maytag washers of which 11 were added in 2006, 4 triple load Milnars, 22 Maytag and American Dryers (7 stacked 1 added in 2008). A new Natco fire coil hot water system installed in 2007. Wired Comcast cable TV with 2008 VCR/DVD. One standard change machine for $1, $5, $10 & $20, a second machine is used for back up.

Competition: No immediate competition in the area, what you see is what you get.

Growth/Expansion: To increase business, new owner can open longer hours and advertise with all the motels and industrial facilities surrounding the business. In a matter of fact, current owner just landed an account with Delaware City refinery of which the new buyer will reap the benefits of that. Also, an old competitor recently closed down and this business just picked up the business.

Seller Financing Available: Yes

Financing: Seller may be willing to hold a note for a qualified buyer

Support/Training: Seller is willing to train for a period of time to allow for a smooth transition.