30+ Year PHX Laundromat w/Low Rent, Growth Potential

Name: 30+ Year PHX Laundromat w/Low Rent, Growth Potential
Brand: Transworld Business Advisors
Price: 290000 USD
Availability: InStock

Listing Number: 21997-449349

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Listing Details

Price: $290,000

Location: Phoenix, Maricopa County, Arizona

Down Payment: $290,000
Sales: $119,882
Seller's Discretionary Earnings: $68,625
Inventory: $0
Furniture, Fixtures, and Equipment: $55,000
Rent: $980
Employees: 0
Year Established: 1995
Reason for Selling: Retirement

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Business Description

30+ year family-owned laundromat in desirable area. After many years of ownership, the seller seeks to retire and enjoy the next chapter of their life.
Owner spends about 8-10 hours a week in this business, mostly opening/closing the store, performing light cleaning, and light equipment repair.
Business has lots of room to grow including increasing prices, increasing hours, adding a delivery route, upgrading equipment, etc.
Seller does NOT have format P&Ls to provide. Sales figures taken from cash deposits; SDE calculated using utility bills, rent payments, etc.
Buyers must fill out an NDA and buyer profile to receive additional information about this business.
Seller seeking all-cash offers only; listing broker can provide referrals to non-SBA lenders who can assist with financing.
This transaction does not qualify for SBA financing.
The successful buyer may request diligence items AFTER showing proof of funds and the seller's acceptance of your offer.