Coin Laundry
Not Disclosed, OH Lucas County
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- RE: Coin Laundry
- Contact: Armen Nazarian
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $240,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 3 | |
| BBN Listing #: | 986279 | |
| Broker Reference #: | 0685 |
Business Overview:
This is a great opportunity to own a well-established Coin Laundromat in Toledo, Ohio! Established in 2000, this 3,500 sq. ft. Laundromat is located on a highly traveled road near plenty of residential homes, commercial businesses and over 10,000 apartments within a 3-mile radius. This Laundromat used to do over $360,000 when the owner was involved and has the potential to gross over $400,000 annually with an involved owner/operator. Current owner is not involved in the day-to-day operations and is being run absentee! All equipment is in excellent condition and maintained regularly! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding a website, arcade games, vending machines, retail items, dry clean drop-off, weekly specials, commercial accounts and expand the hours, you have HUGE potential to make a nice, solid income. A must see/must have business that WILL-NOT last long on the market! Don’t miss out on this great opportunity!! Turn-key operation only needing a new owner/operator! Seller will entertain all reasonable offers! Call Armen Nazarian Business Brokers
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Property Features and Assets:
This Laundromat used to do over $360,000 when the owner was involved and has the potential to gross over $400,000 annually with an involved owner/operator. All equipment is in excellent condition and maintained regularly!
Market Competition and Expansion:
Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding a website, arcade games, vending machines, retail items, dry clean drop-off, weekly specials, commercial accounts and expand the hours, you have HUGE potential to make a nice, solid income.
Reason for Selling:
Absentee Owner lives out of StateAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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