High End 3-year old Laundromat with top of the line equipment!
Garland, TX
| Asking Price: | $600,000 |
| Gross Revenue: | $360,000 |
| Rent: | $3,465/Month |
| Established Year: | 2021 |
| Cash Flow: | $80,000 |
| Inventory: | $560,000 |
| FF&E: | $75,000 |
Listing ID: 2314165Listing provided by BizBuySell
BUSINESS DESCRIPTION
App and Coin Operated with Huebsch Galaxy Washers and Dryers
Popular laundromat in well located, high traffic area of Garland. We offer Wash/Dry/Fold service that is growing rapidly and have a partnership with a local Pickup/Delivery group. Still growing fast, revenue is up 22% over last year. Ownership now works a full time job and has another laundromat as well, needs to sell due to time commitment.
DETAILED INFORMATION
Location
Garland, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,750
Lease Expiration
31/01/2031
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business is a franchise that can be terminated on sale
Competition
Business and area is growing. Large new apartment complex just delivered to the market with more on the way.
Growth & Expansion
Business can be marketed better and operated better. Owner has a full time job and is unable to allocate enough time to run the property better, great opportunity for a ore hands on owner
Financing
Can assume machine loan of ~$475k
Support & Training
I can train and show buyer how everything works.
Reason for Selling
Time commitment with other business and new job
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