S468 – North Austin Coin Laundromat

North Austin Coin Laundromat

Location

City Austin
State TX
County Travis

Financial Information

Asking Price $420,000 Show Loan Calculator
Down Payment
Annual Receipts $291,000 (last 12 mos)
Cash Flow $90,000 (last 12 mos)

General Information

Description This is a rare opportunity to purchase a coin laundry in a great Austin location. The business has been in operation since 2003 is well known in the area and enjoys a solid client base. Equipment averages about ten years of age and is well maintained and working properly. There is a day manager in place that handles the majority of day-to-day issues and also manages in house services such as wash and fold and dry cleaning pickup and delivery. The new owner could easily assume the manager�s role. There are numerous profit lines within the store and the store is strategically located to expand commercial services to nearby businesses. Depending on the new owners ambitions there are several ways to expand the business potential. Cash Flow of $90k is for a working owner. If the new owner wishes to work Part Time or completely Absentee that is possible, though payroll expense might be a bit higher. While the business is under contract we will not accept counter offers. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Frank Duringer at 210-348-8989 or info@bbofsa.com.
Reason For Sale Other business interests
Franchise No
Home Based No
Relocatable No
Year Established
Year Acquired
Employees 1 FT 3 PT

Building Information

Building Sq. Footage 2,000 square
Monthly Rent $5,739 / mo
Real Estate Available No

Contact Business Brokers of San Antonio for more information.