Well Established Laundromat-Recurring Revenue

Santa Cruz, CA (Santa Cruz County)

Interior
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Asking Price: $180,000

Cash Flow: N/A

Gross Revenue: $120,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $3,000 per Month

Established: 2006

Well Established Laundromat-Recurring Revenue

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Business Description

New owner walks into a smooth running operation with upside potential. Favorite local neighborhood laundromat. NO Brokers - contact owner for details! Buyer saves the broker commission which is reflected in lowered asking price. Own one of the best managed and maintained self-service - phone app and coin - operated laundries in Santa Cruz County! This Santa Cruz city laundromat has an outstanding reputation in the region and is well situated in a spacious 1,750 sq. feet located very close to a major university. Clean and well maintained with a loyal customer base, this laundromat has plenty of ample parking.

This is a great part-time business for people from all walks of life wishing to supplement their income. Current semi-absentee owner collects cash, orders repairs, pays monthly bills, cleans, and orders supplies. Self service laundries historically perform very well during recessionary times! Email for more information.

There is good potential to add a full service laundry (wash-dry-fold) revenue stream to this business. Currently, it is strictly self service. One could also work with a concessionaire who would do all of the full service laundry but would not be an employee. All of the money the concessionaire uses to start the washers and dryers is the owner's money, not the concessionaire's!

Detailed Information

Location:
Santa Cruz, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,750
Lease Expiration:
12/31/2033
Employees:
0
Facilities:
Furnitures, Fixture & Equipment(FF&E) Included in Asking Price Facilities: All washers, dryers, boiler system, bill changers, vending machines. ATM is not owned.
Competition:
Long established coin laundry. Competition a few miles away but our competitive pricing and cleanliness separate us from the others.
Growth & Expansion:
Huge growth opportunity to increase profits by raising prices and growing drop-off laundry service.
Financing:
SBA financing available to qualified buyers. Disinterested in seller financing.
Support & Training:
Two weeks on the job training
Reason for Selling:
Owner ready to retire.
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Business Listed By:
Jerry Dolezal

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Ad#:1950322

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