Nice Laundromat - Great Location, Motivated Sellers, Make an offer!

Tucson, AZ (Pima County)

Nice Laundromat - Great Location, Motivated Sellers, Make an offer!

Asking Price:$98,000

Cash Flow:$30,000

Gross Revenue:$90,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1970

Nice Laundromat - Great Location, Motivated Sellers, Make an offer!

Get Financing Save Print Share Valuation Report

Business Description

Jump in to an established income producing laundromat business

Location, location, location! This coin operated laundromat is in a great location and patronized by renters from many nearby apartment complexes as well as those living in the far Northeast parts of Tucson. The location has been a laundromat for over 30 years with many long time customers. Best of all, it has been remodeled throughout with new flooring, plumbing, paint, ceiling fans and newer machines. The layout of the store has also been optimized by moving machines around. A new bathroom hallway has been constructed to allow direct access to bathroom from the main floor for customers. Revenue has increased by over 30 percent since the remodel and continues to increase with no additional marketing. Laundromat services include Wash & Fold, Dry Cleaning, Alterations, key-making and a mailbox service. There is a separate 250 sq ft space separated from the main floor for use as an office/mailing center with 106 individual mailboxes. This space can be used for any other income generating business of your choosing making this little gold mine the perfect choice for your next business. The facility boasts high-tech security cameras, free WIFI, large screen TVs, large folding tables, ample seating and plenty of parking in busy plaza. It is also very close to stores such as Lowe's, Walmart, Fry's and numerous restaurants for customers to visit while doing their laundry. People rave about the amazing customer service and overall enhanced laundry experience at this facility. The laundry business is a rock solid industry that is recession proof and here to stay. Opportunities like this don't come often so take advantage and get in now!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Expiration:
10/23/2020
Employees:
1
Facilities:
The sale includes heavy duty commercial equipment including 38 washers and 20 dryers. We have over twenty 18 lb washers, several 30 lb extractors, one 50 lb extractor and powerful large capacity, gas powered dryers. There is a large capacity change machine for quarters, large newly-coated folding tables with storage underneath, ample commercial seating for customers, flat screen TVs and plenty of parking for customers in the plaza.
Competition:
This laundromat is the closest one of its type to many people in the Northeast part of Tucson, many of which often need to wash horse blankets and sheets.
Growth & Expansion:
Additional offerings could include pickup and drop-off and acquiring business accounts from business such as massage parlors. The new owners may look into turning the 250 sq ft office space next to the main floor into a full fledged mailing center with Post Office, UPS, FedEx, DHL services. With a new pet clinic coming soon into the plaza, one might optionally consider using the space for services related to pet grooming. The possibilities of the extra office space are endless and have the potential to turn this profitable business into a gold mine.
Support & Training:
The new owner will be given comprehensive documentation on the operations of the business, financial and business documents as well as two weeks of free training on basic machine operation and repair. Current owners will remain available for consulting purposes for an additional two weeks during the transition.
Reason for Selling:
Current owners will be focusing on other business interests
Franchise:
This business is an established franchise
Business Website:
http://wildcatlaundryaz.com

Listing Statistics for Premium Members

Ad#:1294307 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Business Listed By:
Bill Madison

Show Phone Number
Find out more...

Get more details about this business.


Similar Listings


The Detail Difference

Franchise Opportunity In AZ
Capital Required: $34,995