Coin-Operated Laundry Priced to Sell
About this business for saleCoin-Operated Laundry Priced to Sell
Death forces sale of “absentee-owner” Laundromat business in Paramount and it is priced to sell fast!!! 28% return on investment, based on the trailing 12 months since October 17, 2007. Are you looking for an alternative source of income and you can`t quit your day job? This may be it. The owner requirement is to collect money each day or two. Currently, a part-time employee opens and closes the facility and keeps it clean. If the new owner performed that requirement he or she would make even more. With a better focus on promoting the business and/ or offering new services, the profit would also climb. Not a bad way to make additional income. Current owner purchased the Laundromat one year ago with the investment return in mind. Tragically, he recently passed away leaving his widow in charge. His widow has decided to move back to her native country and, therefore, is forced to sell. The well established, clean, and attractive Laundromat is located in a very busy and popular shopping center. It is surrounded by apartments and mobile homes in a high rental area. The neighborhood is clean and safe. With 2000 square feet of space that includes a bathroom, there is enough room for additional services such as snack and soda machines. Equipment includes 81 machines consisting of 51 washers, 30 dryers, 2 bill changers, security cameras, etc. Video game sales are split with the game owner. There is no other Laundromat within a ½ mile radius. This will sell very, very quickly. Note: the current owner will not carry any paper.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.