Services - Drycleaning/Laundry

Asking Price	$75,000	Inventory
Gross Income	$84,000	Real Estate
Cash Flow	$12,000	Year Established	1986
FF&E	All included*	Employees	1

* included in the asking price

** not included in the asking price

This self-service coin laundry has been located at this highly traveled intersection for over 23 years -- this is a turnkey business located in an established Nashville suburb. A large national grocery chain is the anchor tenant in this complex and offers stability and high traffic. The coin laundry business offers the advantages being an all cash business with no inventory requirements and no need to carry customer accounts receivable, In addition to the revenues received from the self-service coin-operated laundry, the business has vending machines, and offers bundle service. In addition to the current revenue sources, this location could also offer dry cleaning drop service through agreements with local cleaners in the area. Since acquiring this business in 2002, the current owner has made significant improvements. Early in 2006 he installed a new energy efficient Paloma Gas Heat on Demand water heating system consisting of two independent units that are utilized on an alternating rotation programmed into the control system. This state-of-the-art system replaced the old 350 gallon hot water tank system and has provided a substantial savings in energy costs each month since installation. The purchase price includes 23 top load washers (15 GE; 8 Speed Queen); 4 Wascomat double load, and 4 Wascomat triple load washers, 20 Dexter dryers. Equipment also includes an extensive list of other items including vending machines, tables with seating, carts, racks, etc. The owner has installed a closed circuit monitoring system that can be remotely accessed from an off-site PC. An automatic door lock system automatically opens the doors at 6 a.m. and locks the doors at 12 midnight. New steel gates have been installed to secure the sales counter area when the store in unattended. The business is attended from 10 a.m. 7 p.m. to manage the bundle service portion of the business and handle general tasks. Sales are projected at $84,000 for 2009 with cash flow of $12,000.

Competition: Two similar business are in the area, but this shop and its adjacent business offer high traffic, visibility, and solid anchor tenant next door.

Growth/Expansion: This business would be ideal for someone wanting to be in business for themselves and build on the current business, or as an additional location for someone currently in the coin laundry business. There is a opportunity to increase revenues by offering additional services.

Financing: Seller may consider financing a small portion of price.

Support/Training: If requested, the current owner will stay for a negotiated time to assist in training.

Reason Selling: Current owner wishes to pursue other business interests.