Eastern NC Coin Laundry for sale - Absentee Owner

NC

Coin Laundry
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Asking Price: $175,000

Cash Flow: $86,083

Gross Revenue: $181,845

EBITDA: N/A

FF&E: $202,953

Inventory: $1,000

Rent: $1,800 /Month

Established: 2013

Eastern NC Coin Laundry for sale - Absentee Owner

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Business Description

Priced below Asset Value

5 year-old self service laundry for sale. Absentee owner is finding it difficult to manage from afar. Model has been changed to self service thereby saving the new buyer $54k/yr Father is doing the cash collections twice a week at 12k/yr. 26 Top of the line newest Maytag washing machines: (10) 60 pounders and (10) 40 pounders; and 28 Dryers split 50/50 coin and card. 2-coin change machines onsite with soap dispensers- ave $700.00/mo. Asset value is $203,000. Full remodel was in access of $540k. In year 7 of a 20-year lease.

Assets available to relocate if potential buyer so chooses. Asking Price is firm at $175,000. For more information please contact Shanon Madrid via cell at 919-858-6853 Ext 101. or Smadrid@sunbeltnetwork.com.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
2/21/2032
Employees:
2 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,200 sq. ft. leased space
Growth & Expansion:
Just moved to a self service concept to save on payroll
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Absentee Owner, that has moved out of the area
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Contact the Seller

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Shanon Madrid

Business Listed By:
Shanon Madrid

Sunbelt of Durham/Chapel Hill

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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