30+ Year PHX Laundromat w/Low Rent, Growth Potential

Name: 30+ Year PHX Laundromat w/Low Rent, Growth Potential
Brand: Transworld Business Advisors
Price: 239000 USD
Availability: InStock

Listing Number: 21997-449349

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Listing Details

Price: $239,000

Location: Phoenix, Maricopa County, Arizona

Down Payment: $189,000
Sales: $119,882
Seller's Discretionary Earnings: $66,065
Inventory: $0
Furniture, Fixtures, and Equipment: $55,000
Rent: $981
Employees: 0
Year Established: 1995
Reason for Selling: Retirement

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Business Listed By

Philip Handke

(480) 390-7916 [email protected]

License # SA 713031000

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Business Description

Turnkey opportunity in a high-demand with significant untapped upside potential and seller financing available.

Family-owned & operated for over 30 years in a desirable, high-traffic location
Immediate opportunity to raise prices, add wash & fold and delivery services, extend operating hours
Seller willing to finance up to $75,000 of the purchase price at 8.0% interest over 30 months ($2,766/mo)
Seller currently works just 8-10 hours/week, primarily opening/closing, light cleaning, minor equipment repair
Seller is retiring and is willing to train the buyer on operations
Cosmetic upgrades completed in 2021 to refresh the interior
Formal P&Ls are not available. Sales figures derived from cash deposits; SDE is calculated by deducting electric, water, gas, rent, insurance, and parts & supplies
Transaction does not qualify for SBA financing; listing broker can refer buyers to non-SBA lenders for financing assistance
Buyers must complete an NDA and buyer profile to receive additional information
Buyers may request diligence items after submitting proof of funds and seller's acceptance of an offer