Services - Drycleaning/Laundry

Asking Price	$169,000	Inventory	$2000*
Gross Income	$182,000	Real Estate
Cash Flow	$84,000	Year Established	1991
FF&E	$250,000*	Employees	2

* included in the asking price

** not included in the asking price

Seller leaving the country and is motivated to sell as soon as possible. Laaundromats normally sell for 125% of gross revenues. In addition to the laundromat, which has two commerical accounts, the business makes keys, sell locks, money orders, phone cards and will be adding Lottery and food items in the immediate future. .

Facilities: Located in a strip mall near Howard University. Has 2,500 sf with 49 washers, (of which 13 are less than 4 months old) and 34 dryers. Lease commenced in 2008 and ends in 2018 with current rent at $3,000 per month. Funiture, fixtures and equipment valued at $250,000.

Competition: No immediate competition.

Growth/Expansion: Get more commercial accounts and keep the place open longer hours.

Financing: 0

Support/Training: Seller will provide one week on site and one week on call.

Reason Selling: Leaving the country.