Laundromat for Sale

Morgan County, IN

Laundromat for Sale

Asking Price:$259,000

Cash Flow:$35,000

Gross Revenue:$124,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1962

Laundromat for Sale

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Business Description

Established Laundromat for sale in SW Indiana town close to Indianapolis. Business is located on main road and is well known with good reputation. Many residents visited the Laundromat as children and now come as adults! Good income and drop off business. If you have ever dreamed of owning your own business or if you have recently retired and are looking for a good investment this is a great opportunity for you! Great for someone who is very handy and can do their own repairs and maintenance!! You can begin to earn income from the first day you own this business!! Many improvements made since current owners took possession, more are needed, and income has grown with improvements. Owners have recently have added new business from a nearby town which had a Laundromat close - drop off business has especially increased! This business is being sold as-is with the property. Complete financial information available with signed Non-Disclosure Agreement. Contact Seller for NDA.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
4
Facilities:
3800 Sq Foot building and good parking lot. Laundromat has many newer model machines with some older ones. New A/C Units and Hot Water Tank installed within past 2 years.
Competition:
Only one smaller Laundromat in town and it is unattended and not as popular. Next closest Laundromat is about 10 miles away.
Growth & Expansion:
Many improvements have been made to make the Laundromat look better and newer equipment has increased sales. An owner who is willing to make further improvements can grow this business. Income is steady and very good and we believe it can be better!
Support & Training:
1 week training and 4 weeks availability to answer questions that arise. In-depth training not required.
Reason for Selling:
We need to care for Spouse's aging parents.

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Business Listed By:
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