Competitor Closed 45% Return Well established laundromat

Alcoa, TN (Blount County)

Competitor Closed 45% Return Well established laundromat

Asking Price:$115,000

Cash Flow:$42,000

Gross Revenue:$134,000

EBITDA:$42,000

FF&E:N/A

Inventory:N/A

Lease Rate:$2,961.72 /SF/Year

Established:1983

Competitor Closed 45% Return Well established laundromat

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Business Description

I spend less than five hours a week at this laundromat and clear over $42,000.00 per year. I challenge you to find a better return on your investment. I Have owned this laundromat for over eleven years. Located in large shopping center with a wide variety of tenants. Older equipment that just keeps on running like a 57 Chevy. Has two employees who keep the business spotless and do wash and fold for customers. If you can't do the maintenance on the equipment don't buy a laundromat as there are no good repair people left. I will provide three months of training and repair to assist in running the business properly.

Detailed Information

Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
3/31/2021
Employees:
2
Facilities:
All Maytag equipment that includes; One 50lb, eight 35lb, twenty 18lb washers, twenty-eight single pocket dries.
Competition:
One of main competitors recently converted to commercial laundromat adding new client to business. There are other laundromats in the area but they are not attended and are not kept as clean as this one is.
Support & Training:
I will provide repair service and other support for three months to insure the success of the new owner.
Reason for Selling:
Need to do some traveling

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Business Listed By:
John Tuinenga

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