Laundromat-Fabulous!

Cleveland, OH

Seller Financing Available

listing image
Sale Pending
Asking Price:$795,000
Gross Revenue:$336,000
Rent:$3,000/Month
FF&E:$200,000
Cash Flow:$156,000
Inventory:$1,000
EBITDA:$156,000
Established Year:2015
BUSINESS DESCRIPTION

Laundromat- Cash Flow!

Long established modern laundromat, with great location, solid equipment, and good staff available.
This laundromat features 37 washers, and 28 dryers. Different capacities to handle different loads both washing and drying. All machines accept coins, cash and cards.


DETAILED INFORMATION
Location
Cleveland, OH
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
31/12/2027
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Very neat, clean, well laid out laundromat with solid equipment and a good location available and turn key.
Competition
There are competitors in the region.
Growth & Expansion
Add more commercial accounts, there is alot of that work getting bid on in the county.
Financing
Minimum 300 K down payment. PLEASE PUT AMOUNT OF MONEY YOU HAVE TO INVEST!
Support & Training
2 weeks
Reason for Selling
Retirement
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Carl
Pallini
Tri State Business Authority
Carl Pallini