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Businesses For Sale > Business For Sale in Gallatin, Montana (MT)

Profitable Established Laundromat for sale in Gallatin, MT

Gallatin, Montana (MT)

Asking Price: Gross: Cash Flow:
$ 750,000 $ 449,535 $ 197,806

Furniture and Fixtures Value:
$ 75,000 (included in the asking price)

Inventory Value:
$ 500 (included in the asking price)

Business Summary:
This is a cashflow machine! As an industry, laundromats can provide stable revenue streams and steady growth. This laundromat has seen over ten percent growth in revenues in 2018 and on target for similar growth in 2019. Growth is primarily due to the population growth in Bozeman Montana, the fastest growing city of its size in the nation four years running.

 

   
Year Business was Established: 1980
   
Number of Employees: 1 FT/ 4 PT  
   
Facilities / Terms of Lease: Well maintained coin-operated machines. The sellers own the building and willing to negotiate a mutually favorable lease.  
   
Potential Growth/Expansion: With only a modest amount of marketing this laundromat continues to grow revenues and profits. A new owner can enjoy this built in growth with no effort beyond maintaining the quality of service. A strategic marketing push could bring in more customers. Machines could be upgraded to allow cashless payment options. Pairing this with customer frequency cards can encourage repeat customers. Cashless payment with other improvements allow 24-hour service that is un-staffed during off-peak hours.  
   
Competition: Because of high equipment costs to start a laundromat that would compete for residents in the immediate area, odds are very slim of a new competitor showing up. This laundromat has captured the market for residents in the immediate area.  
   
Owner willing to train: Will train for 4 weeks @ no cost.  
   
Reason for selling: Moving to be closer to family.  
   
Seller Reference Number: 7604-15137
BusinessMart.com Listing Number: 245197
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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