**Price Reduced** Turnkey Laundromat for Sale in Essex

Essex, MD (Baltimore County)

**Price Reduced** Turnkey Laundromat for Sale in Essex
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Asking Price: $575,000

Cash Flow: $90,000

Gross Revenue: $266,475

EBITDA: N/A

FF&E: $650,000

Inventory: N/A

Rent: $1.34 /Month

Established: N/A

**Price Reduced** Turnkey Laundromat for Sale in Essex

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Business Description

Growing & Profitable Laundromat (Financing available)

Price reduced from $920 to $575,000!
Completely renovated laundromat for sale. Recent interior retooling and renovation with brand-new Huebsch 200g Galaxy 600 machines. Ideal location in Essex,MD with chain grocery anchor, excellent demographics and loyal customer base (8+ years). Washer controls display in both English and Spanish. Accepts both cash and credit card directly at the control for customer payment flexibility. Fully attended, drop-off service, turnkey operation.

Detailed Information

Location:
Essex, MD
Real Estate:
Leased
Building SF:
4,400
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This store has been completely renovated with top of the line energy efficient equipment and remote card system. Ownership involvement at this time is once a week to collect money from the card system.
Growth & Expansion:
Since store has been renovated, there has been no advertising or marketing effort at all and profit has still increased 26.08% organically. This increase will undoubtedly continue to maintain and increase into the following year without any involvement from the owner. This location is fully attended and does not currently offer Wash Dry Fold Service. If owner involvement were to increase, marketing effort put into place and additional revenue sources instituted, growth will increase bottom line dramatically, thus allowing for quicker note pay off and quicker return on initial investment. The overall return on investment over the life of this equipment will therefore increase substantially.
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(from currently available funds)
 
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Yuri Kovalenko

Business Listed By:
Yuri Kovalenko

Transworld Business Advisors of Baltimore

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