Coin Laundry with Strip Shopping Center

Industry

Location

Financials

Business Summary

Buy this cash cow with a strip shopping center that is appreciating in value! This business was profitable from day one, and the profits are growing. The area around the business is developing and land prices are rising. The business operates in a 2400 square foot space, and two additional 1200 square foot spaces are presently rented at below market value rates; one lease is month to month and the other will expire in six months.

This is a recession-proof business; low income customers use the service and pay by cash. The business is the only full service coin laundry in the city. The business offers "fluff and fold service" to customers. The business also has vending machines that bring in over $1000 per month, and most of this is pure profit. The owner has been operating the business for 22 years and is relocating to another city. The business has grown primarily through word of mouth from satisfied customers.

A new owner could easily expand the profits to over two hundred thousand dollars within two years. With SBA financing, a new owner could buy with very little cash down!