Laundry: Coin & Other Services
Location: Colorado > El Paso County > Colorado Springs
Industry: Personal > Coin Laundry
Financials
Asking Price: $299,999
Gross Revenue: $209,493
FF&E: $300,000 (Included in Asking Price)
Seller Financing: Will consider
Business Summary
Started in late 2003, and under current ownership since March of 2004, the Company initially offered only coin laundry services. Shortly after the current owners purchased the business, they added drop off laundry service, pickup and delivery services, dry cleaning and leather cleaning.
The Company provides a bright, clean and safe self-service laundry environment. With 20 lb., 30 lb., 55 lb. and 65 lb. washers, and 40 lb. stack, 50 lb. and 75 lb. dryers, customers can find equipment that meets their individual laundry needs. The facility offers a big screen and a game room for patrons to entertain themselves while waiting, and an attendant is always on duty for questions or concerns.
The Company offers a buyer a huge growth upside. The current owners have been unable to devote much attention to the business; a active owner-operator could better manage and control this mostly cash business. Further, the Company is located near two large military installations which are undergoing major expansions and expecting rapidly rising numbers of soldiers to be based there – and even further expanded if overseas deployments are reduced.
The Company provides a bright, clean and safe self-service laundry environment. With 20 lb., 30 lb., 55 lb. and 65 lb. washers, and 40 lb. stack, 50 lb. and 75 lb. dryers, customers can find equipment that meets their individual laundry needs. The facility offers a big screen and a game room for patrons to entertain themselves while waiting, and an attendant is always on duty for questions or concerns.
The Company offers a buyer a huge growth upside. The current owners have been unable to devote much attention to the business; a active owner-operator could better manage and control this mostly cash business. Further, the Company is located near two large military installations which are undergoing major expansions and expecting rapidly rising numbers of soldiers to be based there – and even further expanded if overseas deployments are reduced.
About the Business
Year Established: 2003
Employees: 3 part time
Facilities: large space in high traffic retail center
Market Outlook and Competition: Moderate -- no direct competition in vicinty
About the Sale
Management Training and Support: will train
Reason For Selling: Focus on other business
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