Buy an Unattended Coin Laundry For Sale business for sale in St. Petersburg on BusinessesForSale.com

  • Advert ID: 674601
  • (Seller ref: 41440059)

Unattended Coin Laundry For Sale


Location:
Category:
Asking price:
$219,900 (Furniture / Fixtures included)
Sales revenue:
$142,000
Net profit:
$42,000
Years established:
29
Employees:
0

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This 24x7 Unattended coin laundry business enjoys a long operating history (est. 29 years) in St. Petersburg FL. The store is very well equipped with 26 Speed Queen washers, 26 (13 double stacked) Speed Queen dryers, 10 folding tables, camera surveillance system, alarm system, and much more. Everything was retrofit & installed new in 2003. Nothing is over 5 years old!

Revenue and Profitability have continued to grow year over year since inception. The current owner is absentee and has not taken advantage of the potential of this large space to include other services such as a drop store or wash & fold service, leaving tremendous growth potential for a new owner!


Real Estate:
Lease
Lease terms:
There are approximately 15 years remaining on the lease + options. The initial lease is a 10-year (5 years left) with 2 renewal options of 5 years each @ 3% annual increase. The current rent is 3878/mo.
Location:
The facility is approx. 3050 square feet, located in a strip mall anchored by grocery store, major drug store, and a bank. The area is heavily residential with a non-transient, stable population base to support the store. Unlike many coin laundries in Florida, this one shows steady monthly revenues that are not as impacted by migration patterns.

Expansion potential:
The lease allows additional services that are not offered today, such as drop-off dry cleaning (no on-premise processing), wash & fold service, and other coin-vended items such as snacks, gum, ice cream, and video games.
Trading hours:
24x7 unattended
Financing available:
some financing possible for qualified buyer
Furniture / Fixtures value:
$150,000 (included in the asking price)
Website:
vrbusiness-sales.com

For more information about this business for sale, click the Contact Seller button.

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