Laundromat - Net $30K-ABSENTEE-Perfect store!

Hamden, CT (New Haven County)

Laundromat - Net $30K-ABSENTEE-Perfect store!

Asking Price:$129,000

Cash Flow:$30,000

Gross Revenue:$100,000

EBITDA:N/A

FF&E:N/A

Inventory:$1,000*

Established:1994

*not included in asking price.

Laundromat - Net $30K-ABSENTEE-Perfect store!

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Business Description

UNATTENDED LAUNDROMAT
22 YEAR LEASE!!!
Fantastic books and records!

This business can be FINANCED with a leading very competitive industry LENDER with approximately 30%-35% down!

Finding a great Laundromat, in an excellent location, with outstanding equipment....THAT CAN BE FINANCED BECAUSE OF EXCELLENT BOOKS AND RECORDS.....IS VERY HARD TO FIND!
Sales and expenses are verifiable and all on quickbooks
Equipment List:
3 - 18lb washers
7 - 30lb washers
5 - 40lb washers
3 - 60lb washers
8 - top load washers
37 Dryer pockets (5 singles and 16 stacks)
Plus additional equipment and folding tables are all included in selling price.

The seller currently has someone that cleans and straightens up the store daily.
Inaddition to the ease of automatic door locks, this store also has a 6 camera systems with the ability to be remotely monitored by your cell phone.
This is a truly turn-key operation.
CONTACT BRAD SPINK AT OXFORD BUSINESS BROKERS, INC FOR A CONFIDENTIALITY TO SIGN FOR SPECIFIC DETAILS.
bradspink1@gmail.com

Detailed Information

Inventory:
Not included in asking price
Employees:
0
Facilities:
This 2000 Square Foot store was recently renovated with Loads of new equipment, upgraded Electrical and upgraded Plumbing. Walls all repainted and the flooring refinished. Automatic Door locks (doors open and close on a timer) makes operations a breeze! This is the cleanest and most competitive priced Laundromat around with a Large University near by. Equipment replacement cost well over $220,000!!! There is plenty of Parking and great drive by visibility.
Competition:
This is a well-known Laundromat. Built in 1994 and then refreshed again in 2012. The business is very well located with a large renter population. The marketing efforts have been consistent. Excellent signage and in store promotions have given the store a nice competitive advantage.
Growth & Expansion:
The equipment is this store is outstanding! Customer's gravitate to the very large washers and dryers. The store is well laid out and extremely clean. Machine maintenance has always been a focal point which results in happy, repeat customers. Currently the business runs without any attendants. This is extremely attractive to most operators!!!! ....Although for that new operator that is looking to be involved on a day to day basis, Wash/Dry/Fold counter service and or pick up and delivery is certainly another strong and PROFITABLE option for growth!
Financing:
No seller financing, BUT an industry Lender has PRE-APPROVED the Business
Support & Training:
Seller is willing to train in all aspects of the business.
Reason for Selling:
Partnership dissolved.
Business Website:
http://campuslaundry2.findalaundry.org

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Brad Spink

Business Listed By:
Brad Spink

Oxford Business Brokers, Inc.

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