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Listing No:06794

Category:Coin LaundryPrice:$465,000.00
Detail:Coin Laundry and Dry Cleaners Drop StoreDown:$465,000.00
County:LakeIncome:$110,000.00
Country:United StatesSales:$320,000.00

This is one tremendous coin laundry locate in an area where there will be no more coin operated laundry's as the City father's do not want further water users of this type in the City. Rent is about $4,700 per month with a good lease.Store under takes wash dry and fold as well as takes in dry cleaning and farms it out for other cleaners to complete the work. Equipment is in very good condition and some new plant has only just been installed. Easy to run with limited staff and is at this moment absentee owned and operated. This business is ideal for a husband and wife to run with the help of one part time employee. No receivables, very little staff, no competition in the area and none likely to come. Will qualify for E- 2

Organization Type: Corp 'Sub S' Hours Owner Works: 5 hours
Years Established: 20 Years Owned: 0 Managers: 1
Employees Full Time: 1 Employees Part Time: 1
General Location: Claremont Weeks Training: 1 Training Cost: $0.00
Reason for Sale: Seller has too many businesses and is now cutting back to get control of his family life.
Operating dys/hrs: 8am to 8pm seven days. Skills/Licenses: Retail and People
Business is: Relocatable: N      Home Base: N      Franchise: N SBA P/Q: N

Accounts Rec:$0.00 Included:No Inventory:$500.00 Included:Yes
F.F. Equip:$150,000.00 Included:Yes Lease Hold:$50,000.00 Included:Yes
Real Estate:$0.00 Included:No  impact fees  $120,000.00 Included:Yes
Total Assets: $320,500.00 

Data Source:Owner to Prove
Year (Cash Flow):110000
Gross Revenue:$325,000.00$0.00$0.00
Cost of Goods:$97,500.00$0.00$0.00
Gross Profit:$227,500.00$0.00$0.00
Expenses:$140,500.00$0.00$0.00
Net:$87,000.00$0.00$0.00
Owner Salary:$0.00$0.00$0.00
Benefits:$0.00$0.00$0.00
Interest Expense:$0.00$0.00$0.00
Depreciation:$0.00$0.00$0.00
Other:$0.00$0.00$0.00
Owner Benefit:$87,000.00$0.00$0.00

Lease/Month:  $4,800.00 Square Footage:  2000 Terms & Options:  Three 5 Year terms
Building Type:Shopping Center Expiration Date:05/20/2018

 AmtMosRateMo Pmt
Loan/Assumable$0.0000.0000$0.00
Loan/New$100,000.00606.0000$3,221.00
Loan/Other$0.0000.0000$0.00

The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business.
This offering by the seller is subject to change or withdrawal without notice.
06794

John Price, Broker & Associates - 1937 Poinsetta Lane, Suite 100, Maitland, Florida, 32751  - Copyright © 2013