Laundromat for sale

Tuscaloosa County, AL

Laundromat for sale
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Asking Price: $530,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,000 /Month

Established: 2017

Laundromat for sale

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Business Description

New State of the Art Laundromat

This new, state-of-the-art, full-service, 2,400-square-foot facility features high-efficiency washer-extractors and drying tumblers, as well as the latest payment system technology. Customers can pay using coins, credit card, debit card and mobile app/E Wallet. The high-extract washers significantly reduce dry times and gas consumption, which shortens the laundry process to less than 60 minutes. The high-extract washers not only lower utility costs, they boost customer turnover -- getting them in and out quickly. Wash, dry and fold services and over-the-counter detergent sales add to store revenue and customer convenience. Excellent visibility, ample parking and a long-term lease with extremely reasonable rate.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
4/1/2037
Employees:
4
Facilities:
The leasehold improvements were done just over 1 year ago so the water, gas and electrical systems are new and up to current code. The equipment, 24 high efficiency washers and 26 high performance drying tumblers are also just over one year old and still has the remainder of the manufacturer's warranty. The store boasts a beautiful interior with 24” ceramic tile floors, large screen TV’s and free WIFI as well as plenty of folding tables and seating space.
Competition:
As the University grows so does the town and surrounding areas. The competition is mostly old stores with old worn out equipment including inefficient top load washers. In some cases stores are dirty and unattended and even lack air-conditioning or heat, making this one of the Premier laundromats in town!
Growth & Expansion:
As a growing university town this area will continue to grow for the foreseeable future. The wash dry and fold service has barely scratched the surface of its potential for this market, and with mobile laundry apps and pickup and delivery services as well as potential for commercial laundry, the only limit is the new owners desire to grow the business.
Financing:
The current Financing Company is eager to work with a new buyer
Support & Training:
We will provide hands on operational training for up to 60 days with ongoing phone support for marketing advice and technical assistance. We will also provide parts, ancillary items and even equipment at set pricing discounts.
Reason for Selling:
Our other business offices are 2 hours away.
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Business Listed By:
Russell Arbuckle

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