Established & Profitable Coin Laundry

Austin, TX (Travis County)

Established & Profitable Coin Laundry
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Asking Price: $350,000

Cash Flow: $79,000

Gross Revenue: $292,000

EBITDA: $79,000

FF&E: $280,000

Inventory: $1,000*

Rent: $5,075 /Month

Established: 2007

*not included in asking price.

Established & Profitable Coin Laundry

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Business Description

Absentee Owner Opportunity

Full service laundromat with staff available during operating hours for wash and fold services. The location has served the community as a laundromat for decades. The current owner has estanslihed a growing list of commercial laundry customers and has laid the foundation for future growth to these customers. The current owner is running the business mostly absentee putting in 5-8 hours per week.

The business is well established, profitable, has a foundation for growth and long time horizon on the lease.

Detailed Information

Location:
Austin, TX
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
11/30/2032
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates out of a 2000 square foot North Austin facility that has been a Laundromat for decades.
Competition:
This is a well established location that has been serving the Laundromat needs of the community for decades. This business our regulary performs the competition in online reviews.
Growth & Expansion:
The business is a mix of commercial clients, walk in personal laundry and residential wash & fold. There is a great opportunity for an active owner to grow the commercial business and enahnce marketing for walk in business.
Support & Training:
As needed to insure a smooth transition
Reason for Selling:
Family Health
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(from currently available funds)
 
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Scott Cronk

Business Listed By:
Scott Cronk

TYLAS International LLC

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