East Orlando Coin Laundry Business for Sale

Winter Park, FL (Orange County)

Store Front
Contact Seller

Asking Price: $162,000

Cash Flow: $38,200

Gross Revenue: $152,000

EBITDA: N/A

FF&E: $137,000

Inventory: $500

Rent: $3,200 /Month

Established: 2018

East Orlando Coin Laundry Business for Sale

Save Print Share Valuation Report

Business Description

***PURCHASE PRICE IS NEGOTIABLE***This 2,100 sq. ft. Laundry was a failing business takeover acquisition by my company. Our System has rebuilt the Customer Base/Goodwill over the past year by 87% and the Drop-Wash and Fold Service by 92%. The store is back to making good money. 8 Dryers of the 24 Pocket Dryer wall need several parts and or full replacement. The remaining 16 are in fair-good working condition. The Washers are in good condition and work well (10-Wascomat W640, 12- Wascomat W620, 2- Wascomat W655, 4-Speedqueen Top Loaders). Store needs A/C Repaired or New System (New Owner's Choice); some minor cosmetic updates (paint, bathroom remodel, updated lighting, ceiling tiles), but the business pays for itself and is able to pay 4 part-time employees. Store hours are 8a-11p. This is an all Cash deal, no owner financing. Transaction must close by June 25th, 2019. Buyer must first qualify for a new Lease with the Landlord, then Buyer pays a Three Thousand Dollar ($3,000) Non-Fundable Attorney fee at the time of the Agreed Letter of Intent.

Detailed Information

Location:
Winter Park, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
7/31/2024
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Full Drop-Wash & Fold Service, Pick-up and Delivery Service was established, Full Laundry Supply Vending Area, (Soda, Snack, and Video Game) Vending Machines, Inventory Room, Ownership Office with 8 channel Security Camera System.
Competition:
Business is located in a "B" Class 95% Leased, fully alive shopping plaza in Winter Park FL. Plaza has at least 5 good anchors (Aldi Grocery, Advanced Auto Parts, Subway, Boston Seafood Restaurant, Dollar Tree). The Business has a higher Google Review Star rating than it's nearest competitor in less than 1 year of activity.
Growth & Expansion:
Business has machine condition and cosmetic growth potential.
Financing:
This is an all Cash Transaction
Support & Training:
Seller will provide the Buyer with telephone and personal support as needed for a period of 30 days after the Sale
Reason for Selling:
Seller moving to another investment
Business Website:
http://DROPWASHFOLD.COM
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
STEPHEN IVY

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1635978 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


eMaids Residential Cleaning

Franchise Opportunity In FL
Capital Required: $25,000