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Free Standing Coin Operated laundromat

Charleston, South Carolina (Charleston County)

Services - Drycleaning/Laundry | Retail - Vending Machines

Asking Price $775,000 Inventory $1,500** 
Gross Income $200,000 Real Estate $395,000* 
Cash Flow $115,000 Year Established 1989
FF&E $150,000* Employees 0

* included in the asking price

** not included in the asking price

This is a one of a kind opportunity to buy a business that can either be hands on or somewhat absentee. Customers put $$$ in the machines and you collect. A true cash business.

Facilities: High quality commercial washer and dryers, Dexter, Bill changers snack and drink machines, appx2,200 Sq. Ft., building, parking is ample and property has additional area to build another commercial structure

Competition: Only laundromat in this municipality, Heavy Impact Fees imposed by CPW makes new competition virtually impossible. Real Property is on a busy soon to be 4 lane highway, with appreciation a certainty. One of the few Laundromats that is not on a Lease. Control your own destiny, You are the landlord, Pay yourself rent, Build Wealth

Growth/Expansion: 80% of revenue is walk-in self serve 20% is pick-up drop-off commercial accounts. Additional space on the property could add improvements to host other business entity

Financing: Seller may consider some owner financing for well qualified buyer

Support/Training: Seller will provide training and transition for buyer

Reason Selling: Seller wishes to relocate

AD # 378579

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