Laundromats (2) - Totally Upgraded - Low Cost

El Dorado, AR (Union County)

Completely Upgraded-EcoFriendly-Low Cost

Asking Price:$895,000

Cash Flow:$90,000

Gross Revenue:$150,000

EBITDA:N/A

FF&E:$225,000

Inventory:N/A

Real Estate:$550,000

Established:2016

Laundromats (2) - Totally Upgraded - Low Cost

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Business Description

Two great locations include real estate. Both facilities have been upgraded and include LED lighting, remote camera monitoring and equipment that requires a minimal of maintenance. The larger location has an unpaid person that does wash and fold and provides cleaning, etc. This listing is being co-brokered with Crye-Leike Real Estate where AEGIS broker is a licensed agent.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two locations both completed upgraded in excellent condition. The real estate was appraised at $550,000 prior to the improvements.
Competition:
This is a city that has over 40% rentals and these facilities are tops so if you need to do laundry, then you would want to go to either one of these locations based on where you lived.
Growth & Expansion:
One location has been opened a little more than a year and the other just a few months.....advertising to make public aware would increase traffic faster than word of mouth. These facilities were purchased, upgraded and operated by a long time laundromat owner who has many locations through out Arkansas.
Support & Training:
Training will be provided as needed.
Reason for Selling:
Liquidation part of retirement planning

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Richard Roberts

Business Listed By:
Richard Roberts

AEGIS Business Brokers

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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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