Established, Absentee!, Make An Offer!

Philadelphia County, PA

Seller Financing Available
Established, Absentee!, Make An Offer!
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Asking Price: Get Financing: $499,000

Cash Flow: $110,000

Gross Revenue: $325,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $25 /SF/Year

Established: 2005

Established, Absentee!, Make An Offer!

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Business Description

Cash Flow: $78,300 Absentee. $110,000 Owner hands on (part time). 70 machines in great condition well maintained. This Business does substantial volume in wash and fold and recently now has a delivery van and route driver. This Business was built in this great shopping center in 2005. The store is surrounded by homes, apartments and public and private schools.
This is an easy to manage laundromat with workers who have been involved from the beginning who run the business and are very knowledgeable. Owner is semi-absentee working one day week for few hours. The store has full security cameras and a sophisticated card system for tracking all sales and expenses.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,850
Lease Expiration:
4/8/2026
Employees:
1ft/1pt
Facilities:
2850 sq.ft. In a well trafficked shopping center. Very easy access to store with parking surrounding the store. Business has great visibility in this location and is well known in the town due to their length of service and superior service to customers.
Competition:
Store for the past 13 years continue to have consistent sales and profits. Previous owners have always been part time due to ease of operation. Recent test markets in deliveries, social media, coupons and promotions owners feels to reach next level a manager/ owner present daily will grow business.
Growth & Expansion:
Due to wash and fold business, affluent area and nice shopping center owner feels the untapped market is picking up business through his delivery route system and targeted areas such as schools, ball fields, athletic clubs will grow the business.
Financing:
Will consider, qualified buyers
Support & Training:
Three weeks during transition.
Reason for Selling:
Increased resposibility in full time job is the reason selling.
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Michael Schimmel

Business Listed By:
Michael Schimmel

Excel Business Advisors LLC

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