Profitable Laundromat in Gwinnett - Amazing Business Opportunity!

Lawrenceville, GA (Gwinnett County)

Profitable Laundromat in Gwinnett - Amazing Business Opportunity!
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Asking Price: Get Financing: $599,000

Cash Flow: $17,000

Gross Revenue: $29,500

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $0.60 /SF/Month

Established: 2006

Profitable Laundromat in Gwinnett - Amazing Business Opportunity!

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Business Description

Clean, Spacious, and Profitable!
Turn-key, established laundromat for sale in Gwinnett County. Excellent location! In a busy, high traffic shopping plaza - Surrounded by densely populated neighborhoods. AREA IS GROWING tremendously with new apartment buildings construction nearby.
Equipment in EXCELLENT condition! Incl. 49 washers & 48 dryers.
The laundromat is very clean, well lit, well maintained and has lots of parking up close for easy access. Current owner has done all the major work: Added some NEW Machines (now about 2.5y/o), NEW LED Lights, NEW A/C unit (now about 2 y/o), KIDS AREA, game room, and more. This laundromat is generating excellent cash flow! PT operating owner Nets $194K/yr. Revenue is mainly from COIN sales, other revenue includes wash/dry/fold service, vending machines, video game machines, and sales of ancillary items. Long term staff with one attendant on duty during hours of operation, Owner works PT. There is a great opportunity to increase income by promoting dry cleaning drop off and/or residential/commercial wash/dry/fold delivery or drop-off service.
This is a MUST SEE!

Detailed Information

Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
1
Facilities:
This laundromat has a leased location of approx. 5,000 Sq. Ft. with total Monthly Rent of $3,000. Equipment includes: 60 lb, 40 lb, 30 lb, & 20 lb Washers. / 60 lb & 30 lb Dryers. All vending equipment is owned by seller and will be transferred to buyer at closing. PT Owner with 1 Employee and 1 Cleaning Lady. Hours of operation are 8am-9pm Mon - Sun.
Support & Training:
1-2 weeks
Reason for Selling:
Retiring
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(from currently available funds)
 
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Arianna Pujals

Business Listed By:
Arianna Pujals

Main Source Realty

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Sponsoring Broker:
CELINE ZEIDAN

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