Asking Price:

$150,000

Gross Income:

$117,000

Cash Flow:

$50,000

EBITDA:

N/A

FF&E:

$150,000.00 *

Inventory:

$1,000.00 **

Real Estate:

N/A

Year Established:

2004

Employees:

2

Business Types:

Drycleaning/Laundry Services
Miscellaneous Services

** not included in the asking price

* included in the asking price

Business Description

Good location in upper NW DC. Solid working class neighborhood with no competition in the nearby area. Has good lease with two 5 year options.

Detailed Information

Facilities:

Located in a medium density multi-unit apartment buildings and single family homes. Building has 3200 sf; current rent $2,700 p/mo; lease expires 5/14 and has 2 five year options. The location has 31 washers and 26 dryers. Has 4 parking in back of building and ample street parking.

Competition:

None in the immediate area

Growth/Expansion:

There is room to add coin operated dry cleaning machines or more washers and dryers.

Financing:

50% cash at settlement balance financed

Support/Training:

One week on site and 2 weeks on call.

Reason Selling:

Has two other laundromats