Downtown Charleston Coin Operated Laundromat

Charleston, SC (Charleston County)

Downtown Charleston Coin Operated Laundromat
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Asking Price: $295,000

Cash Flow: $84,567

Gross Revenue: $253,004

EBITDA: $85

FF&E: $180,000

Inventory: $1,000

Rent: $7,420 /Month

Established: 2008

Downtown Charleston Coin Operated Laundromat

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Business Description

In operation for many years this coin operated laundry is well located in downtown Charleston and enjoys limited competition. The owner operates several coin operated laundries throughout the region and has decided to focus on laundries where he owns the building. With that said, this laundry has a long-term lease in place that will ensure 15+ years of ongoing operation. When attended to properly this laundromat produced $135,000 +/- in seller discretionary earnings. It is priced to sell at current performance levels and a new owner with time to pay attention should reap a strong return with improved performance.

Detailed Information

Location:
Charleston, SC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
8/31/2023
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large, very visible street side location.
Competition:
There is only one other coin laundromat within miles of this location.
Growth & Expansion:
The laundromat, with owner attention, can grow back to the $300,000+ sales and $135,000 seller discretionary earnings the laundromat enjoyed in the past.
Support & Training:
The owner will provide all necessary training as a part of the purchase price.
Reason for Selling:
The owner is focusing on his other properties where he owns the building
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(from currently available funds)
 
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Marc Williams

Business Listed By:
Marc Williams

Charleston Business Brokers

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