Business Summary:
!!!GREAT LOCATION, GREAT POTENTIAL, DON'T MISS IT!!!
Baltimore City Building Size: 3,660 Sq. Ft. Lease: Expires 12/30/2014; Plus 5 Years Option
Monthly Rental: $3,275.00 Per Month Monthly Utilities: BGE: Gas & Electricity: $1,000.00/month
Water: $1,000.00/quarter
Equipment: 20 Washers, 14 Dryers, 1 Big Commercial Unimac Washer, Speed Queen Flatwork Finisher, Steam Iron, 2 Big Pressing Tables, 9 Laundry Carts, 3 Televisions, 3 Vending Machines, Coin Changer, Chairs, and
much more Parking: Street Store Hours: Mon -- Fri 8:00 a.m. to 8 p.m.; Sat & Sun 8:00 a.m. to 6 p.m.
Monthly Payroll: $1,280.00 per month # of Employees: 1 License(s) Required: Business, Scale, and others
Reason for Sale: Owner Is Relocating
Owner's Net: $68,628 PER YEAR Gross Sales: $3,000.00 PER WEEK ($12K PER MONTH)
Sale Price: $135,000.00 --SOLD AS IS -- PRICE IS NEGOTIABLE
Ø The Laundromat is located within the upscale Baltimore Harbor area.
Ø The Laundromat has been at the very nice residential neighborhood for almost 30 years.
Ø The current owner has been at the location for 7 years.
Ø Street Parking has no negative impact on the Laundromat Revenue.
Ø The location also draws customers from Boat/Yatch Owners who frequent the area, especially during summer.
Ø The Laundromat also provides Wash and Fold services to many businesses in the area.
Ø The Laundromat is next door to 7-11.
Ø The Owner has used a tenth of the total space to add on USPS postal/packaging services to the Laundromat few months ago.
Ø The Owner also added Bill payment, Money Transfer, Money Order, and ATM services to the Laundromat few months ago.
Ø The additional Income from the USPS and Others are not indicated in the gross sales.
Ø The Laundromat may introduce Dry Cleaning drop off services, there is no such service in the immediate neighborhood.
Ø Wash and fold by Pick up and Drop off services may also be added, since many customers call in for such services.
Ø The current owner has scaled back because she is relocating, a new owner may pick up the businesses.
Ø The Owner's Asking Price is Below the Market Value. This is a great deal.
Ø The furnace and boiler are in good condition.
Ø The Laundromat space allows growth; a new owner may increase the number of washers and dryers.
Ø There are existing spaces to locate new washers and dryers.
Ø The Laundromat is SOLD AS IS
***YOU WILL BE REQUIRED TO PROVIDE EVIDENCE OF YOUR ABILITY TO PURCHASE THIS BUSINESS.***
**YOU WILL BE REQUIRED TO COMPLETE AND SIGN A CONFIDENTIALITY AGREEMENT PRIOR TO RECEIVING ANY SPECIFIC INFORMATION ON THIS BUSINESS.**
*****PLEASE, SERIOUS INQUIRIES ONLY*****
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