Coin Operated Laundromat and Dry Cleaning Business – $39,900

Price: $39,899

Location: Madison County

Industry: Coin Op Laundry

Listing Category: Coin Laundries

Listing ID: 80112

Established in 1984, this 24 hour coin operated Laundromat with dry cleaning is a rare opportunity to own an all cash business.  The longtime owner is 84 years old and no longer pursues commercial accounts.  Likewise, even though the business has the equipment to offer dry cleaning, very limited dry-cleaning is done in-house.  Instead the business sends out most dry-cleaning and along with it more profit potential.   The business has two employees who work the counter during business hours.  During non- business hours, the business remains open with video surveillance.  The owner only works 3 hours on Thursdays and 1 day a month purchasing and delivering supplies for his vending machines.  Other than that limited time, the current proprietor is an absentee owner.  The business shows $20,410 in cash flow with opportunity for growth through creating commercial accounts and/or completing the dry cleaning on-site.  Payroll is over $28,000, so if a new owner would like to work the counter he or she could keep a large portion of the $28,000 in his or her pocket.  Truly an attractive small-town opportunity located just outside of Columbus.

Listing Details

Total Sales: $121,126

Cash Flow: $20,410

Inventory: $1,499

Terms and Conditions?:

No seller financing.

Reason For Sale:

Owner Retirement.

Training & Support:

Seller to insure a smooth transition to new owner.

Operation

Year Established: 1984

Year of Last Acquisition: 1984

Employees: 2 PT

Location

Monthly Rent: 2,350

Type of Location: Strip Center

Square Footage: 4,000

Afilliations