Commercial Building and Two Coin Laundries

Durango, CO (La Plata County)

Seller Financing Available
North Main Corner 30th St
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Asking Price: $825,000

Cash Flow: $100,000

Gross Revenue: $214,000

EBITDA: $71,000

FF&E: $75,000

Inventory: $5,000*

Real Estate: $650,000

Established: 1950

*not included in asking price.

Commercial Building and Two Coin Laundries

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Business Description

Established in 1950 and represents 50% of market share

We are retiring and ideally would like to sell entire package ($825k) however we will consider selling separately to reach our goal. Price includes two businesses (North Main Laundry and Town Plaza Laundry) and real estate at 2980 Main Avenue (location of North Main Laundry). Both businesses are in great locations to attract tourists and locals.

North Main Laundry (2980 Main) = 3500 Sq ft building plus real estate. This property includes 900 square feet leased space to tenant plus 2600 sq ft coin operated. North Main Laundry (established in 1950).

Town Plaza Laundry at (36 Town Plaza) = 1500 square foot business under terms of lease. Long term lease on 5 year renewable terms. Has been in place for over 60 years. Located in strip mall downtown, Town Plaza Shopping Center. Best location. Asking $95k for this business.

Both laundries together gross $214k (includes both businesses and rental income from North Main tenant). The businesses are located approximately three miles from each other.

Detailed Information

Location:
Durango, CO
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Available upon request (Home Based)
Competition:
Represent 50% of market share of laundromats in Durango, Colorado. There are four coin operated laundries in town.
Growth & Expansion:
Growth may be provided by adding commercial service, wash & fold, diaper service and or pick up/delivery.
Financing:
May Consider financing with 40-50% down payment
Support & Training:
not available
Reason for Selling:
Retiring after 29 years
Home-Based:
This business is Home-Based
Business Website:
http://durangolaundries.com
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Business Listed By:
Richard Andrews

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