Established Coin-op Laundry

Billings, MT (Yellowstone County)

Established Coin-op Laundry
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Asking Price: $129,900

Cash Flow: N/A

Gross Revenue: $116,597

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,700 /Month

Established: 1976

Established Coin-op Laundry

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Business Description

Speedy Wash is a long, well established Coin-Operated Self-Service and Drop-Off Laundry Service business. It is located at a very convenient site adjacent to the new Dialysis Clinic currently under construction. The location is very convenient with excellent ingress, egress and parking. The area surrounding the site includes many rental properties, apartments, offices, motels, medical center and various other businesses and residential housing.

Detailed Information

Location:
Billings, MT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Employees:
1
Facilities:
The 3,200 sq. ft. building was built in 1976 on a 10,500 sq. ft. lot as a coin-op laundry. Lease expires in 2019, but the owner is willing to extend to the new owner a 5-10 year term at the present $2,700 per month with escalation every 5 years. Although the owner of the building (93 years old) is not willing to sell at this time, he indicated that he might be open to a 1st Right of Refusal.
Competition:
There are a number of competitors in town, but none in the immediate area close to Speedy Wash. This business has an excellent located on one of the two main arterials into downtown Billings.
Growth & Expansion:
Speedy Wash has operated successfully throughout the years without any formal Sales & Marketing programs. Opportunities to increase Sales through the Internet and through Social Media are virtually untapped.
Support & Training:
The owners will stay to get a new owner up and going. This includes machine repair and other mechanical issues.
Reason for Selling:
Sellers have owned the business since 1987 and want to retire!
Business Website:
http://diamond-real-estate.com
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Chuck Platt

Business Listed By:
Chuck Platt

Diamond Real Estate

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