East Orlando Coin Laundry Business for Sale

Winter Park, FL (Orange County)

Store Front
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Asking Price: $162,000

Cash Flow: $38,200

Gross Revenue: $152,000


FF&E: $137,000

Inventory: $500

Rent: $3,200 /Month

Established: 2018

East Orlando Coin Laundry Business for Sale

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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

Winter Park, FL
Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
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:
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