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- RE: Outstanding Coinless Laundromat In Cleveland Ohio
- Contact: Bill Molchan
Quick Facts
Asking Price: | $850,000 | |
Annual Revenue: | $342,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $240,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $350,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 4 | |
BBN Listing #: | SB-55563 | |
Broker Reference #: | CLESWOH001-55563 |
Business Overview:
Busy, coinless Laundromat equipped with state-of-the-art machines located in a densely populated neighborhood of Cleveland is now available for acquisition. This business has been serving the community for nine years offering both self-serve and wash-and-fold services for those who prefer dropping off their clothes and retrieving them later. Business features 35 washers and 38 dryers that are advanced, energy-efficient machines with card readers. Customers can conveniently receive a store card which is then loaded with money to be used to operate the machines Customers can use either cash or a credit card to put funds on the card. All transactions are handled by an ATM- like machine; attendants do not handle cash. Additionally, vending machines stocked with drinks, snacks, and laundry supplies are readily available as well as seller-owned arcade games. More variety of soaps and softeners are available from the attendant. The business is efficiently managed by four part-time attendants who ensure exceptional customer service and maintain high cleanliness standards. The owner is involved on a part-time basis, dedicating approximately six to eight hours per week to managing financials, overseeing employees, and inspecting the facility. The facility is protected by a top of the line ADT security system. Cash represents 56% of the revenue..To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
350000Reason for Selling:
RetirementAdditional 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
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