Services - Drycleaning/Laundry

Asking Price	$250,000	Inventory	$200*
Gross Income	$199,536	Real Estate
Cash Flow	$16,210	Year Established	1984
FF&E	$120,000*	Employees	4

* included in the asking price

** not included in the asking price

Two well located Tucson Laundromats. Long established. Equipment is very well maintained and the premises are clean and recently painted. One attended and one unattended. Attended Laundromat has manager plus three other part time employees. Clientele from foothills, university area, doctor offices, and surrounding neighborhoods and apartments. Gem show traffic is a great plus!!! Several commercial wash and fold accounts. Dry cleaning is outsourced. Seller took over these Laundromats two years ago from a distressed situation and is building the revenues back up. This is a great opportunity for someone looking for a good return on investment and limited working hours. Ideal for a retired person with a few handyman skills.

Facilities: Both Laundromats are on a busy street. One is located in a strip mall and the other in a corner center with an anchor grocery store. The facilities are clean and the equipment is in excellent repair. Square footage is 2400 and approx. 1800. Both leases expire in 2013 with five-year renewal options. Current rent is $4100 and $3400 respectively.

Competition: Nearest competitor is over two miles away and is limited in the number of washer and dryers.

Growth/Expansion: Seller is beginning to solicit more commercial wash and dry accounts. Marketing to gem show exhibitors and the local hotels/motels could be expanded.

Financing: $167,000 down.

Support/Training: 30 days at no additional expense to Buyer.

Reason Selling: Other business interests