UWEC Area Laundromat

Eau Claire, WI (Eau Claire County)

UWEC Water Street Laundromat

Asking Price:$174,900

Cash Flow:$56,618

Gross Revenue:$81,479

EBITDA:$27,182

FF&E:$62,120

Inventory:N/A

Real Estate:$149,940

Established:N/A

UWEC Area Laundromat

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Business Description

Profitable University Area Laundromat

Sellers retirement plan is your opportunity to own the exclusive laundromat in the UWEC College area of Water Street. The building is supervised and open from 8 am to 9 pm 7 days a week. Be an absentee owner or manage yourself to maximize income from several sources.

Here you go.....established business, building included, trained on site supervision in place....and profitable.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
2,142
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped and staffed laundry business in college town of Eau Claire. This 2,142 SF 1950's building has been a laundromat for years and is the place to go for the college students. The building is equipped with 16 dryers, 5 Continental Express Washers purchased 2 years ago, 12 Speed Queen top loan washers, two 40# front load washers purchased 5 years ago, two 25# Speed Queen front loan washers and 3 older big boy washers. In addition to the equipment the facility includes a television, candy machine, laundry bag dispenser and coin changer. The building has a full basement, a rubber roof, 2 natural gas boilers that supply hot water to the washers, a natural gas forced air furnace that supplies heat to the building and a roof top AC unit that keeps the building cool.
Competition:
Eau Claire Quick Clean Center on Water Street is the only laundromat in the college student rental area.
Growth & Expansion:
The price reflects older equipment that will need to be upgraded. The property was a former dry cleaning drop off location which generated commission income....this could be continued. Currently the laundromat picks up and delivers laundry to commercial customers which could easily be increased. The coin revenue per loan is currently under market and could be increased.
Support & Training:
Current on site supervisor would be willing to stay during transition period.l
Reason for Selling:
Retirement

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Charles Feather

Business Listed By:
Charles Feather

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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