Services - Drycleaning/Laundry

Asking Price	$249,000	Inventory
Gross Income	$271,502	Real Estate
Cash Flow	$41,817	Year Established	1984
FF&E	N/A	Employees	3 to 5

* included in the asking price

** not included in the asking price

This laundry establishment has been an icon in Midcoast Maine for nearly 25 years offering outsourced dry cleaning, wash-dry-fold for individual and commercial clients and on-site laundry self serve machines. Located in a very easy to find, highly visible and well trafficked strip mall. On-site tanning is additional income source. Current owners have created a clean, friendly and well functioning environment for the community all equaling exceptionally good reputation for acquisition. A variety of new equipment/appliances have been purchased in just the last 2 years. Since current ownership took control in 2004 gross revenues have increased by 22%. You & The Midcoast: If you are seeking to grow your existing laundry business or start a new venture, plus be part of an exceptional community of people who value good service and are loyal and supportive of local businesses this is a great opportunity. Midcoast Maine offers a community focused lifestyle in one of America s most beautiful environments you will have the best of land and sea outdoor experiences that will inspire you daily. Life is all about the small town feel where people are continually motivated to treat each other right. The population is a mix of native Mainers and an awesome collection of people from around the country and the world who are drawn to this special and amazingly beautiful place. Enjoy a less complicated life with more simple living while still having a broad array of cultural activities and family focused events to keep you stimulated and connected. Find out more about the area: www.therealmaine.com www.camdenme.org Upon signing a confidentiality form we can provide 3-years worth of taxes, copy of a lease the 10-year lease with built-in renewable 5-year term. For a full list of equipment included in the sale of this business please contact us for a complete package.

Facilities: Leased space located in very visible, easily accessed strip mall close to banking, groceries, gas and other personal services. Ample parking at front of laundry mat for at least 20 vehicles. 24 washers and 24 dryers with 33% of this equipment being less than 5 years old; 8 washers and 2 dryers purchased in just the last year. Tanning booth on site for additional income. Contact us for a list all equipment and supplies included; as well as 3-years worth of financials contact us. Confidentiality agreement required.

Competition: There are limited choices for the public in terms of self-serve laundry services and dry cleaning. With only 3 other choices in a 30 mile stretch this operation experiences happy and solid patronage. Nobody else offers tanning while you wait for your laundry!

Growth/Expansion: The commercial wash-dry-fold revenues have increased tremendously by simply reaching out to the public via word of mouth and delivering exceptional service. There is both a year-round and booming seasonal potential to be nurtured with this commercial clientele. Database of commercial clientele contacts, vendor and industry related contacts to convey. By employing some simple, yet more aggressive marketing techniques the revenues can continue to increase. The seeds are ripe for continued growth and a custom website!

Support/Training: Current owners are happy to negotiate a time period in the range of 1 to 3 months to provide training and advisory support to new owners. They will share all the operating systems and procedures that have been created to manage a smooth running day-to-day operation.

Reason Selling: Seller pursuing international opportunities.