Asking Price:

$96,000

Gross Income:

$72,500

Cash Flow:

$12,600

EBITDA:

N/A

FF&E:

$35,000.00 *

Inventory:

$1,000.00 *

Real Estate:

N/A

Year Established:

1960

Employees:

3

Business Types:

Drycleaning/Laundry Services
Vending Machines

* included in the asking price

Business Description

The business is located in a small shopping center near a major university. It is believed to have been opened in 1960s. It hse 20 washers 18 of which are manufactured by Huebsch with the other two by Wascomat with capacities of 45 bs to 15 lbs. The 16 dryers, also manufactured by Huebsch, have capacities of 35 lbs and 25 lbs. The water is included in the rent. Finally, the buyer could get cmmercial accounts.

Detailed Information

Facilities:

Seller leases approximately 1,300 sf for $3,372 which expires in June of 2010 and there is one option to renew for a period of 5 years. Facilities and equipment are in good condition.

Competition:

No competion in the immediate area.

Growth/Expansion:

Promotions, more local advertising.

Financing:

None

Support/Training:

Two weeks on sitte and 2 weeks on call.

Reason Selling:

Devote more time to his other business