Business for Sale
Laundromat For Owner/Operator |
| Danbury, Connecticut |
This is a 1,080 s.f. laundromat with 14 dryers & 11 washers some less than 3 years old. Located on the west side of Danbury at the intersection of a heavily traveled road (25,000 cpd) and a residential neighborhood.
There are 2 – 60 lb, 2 – 40 lb, 5 - 30 lb and 2 – 25 lb Speed Queen washers (most new in 2007) and 14 Speed Queen dryers. The store has a TV, soap product dispenser, 2 coin changers, baskets, tables, chairs etc. Equipment and leasehold improvements new was over $100,000.
Business established +/- 9 years. Current Owner just bought business and is selling because he has other interests.
Here’s your chance to buy your first laundromat – it would be perfect for someone who will work full time and handle the Wash & Fold business and be on the premises to help customers and keep the store and machines clean and operating properly. Name not included in sale.
Hours of operation: Monday thru Sunday 6:00 to 9:00. The front door unlocks and the lights come on automatically in the morning and then turns off and locks the door at closing. Most of equipment was replaced in 2007 - (Speed Queens). Revenue is being estimated at $1,534/week but could be higher with promotion and wash & fold service. At the current volume estimate an owner/manager might have a total return (ROI) of +/- 27.5% (Owner’s salary is not included in this ROI calculation).
The store is located in a strip center on the west side of Danbury, CT next to a heavily concentrated area of residential housing. Parking for +/- 24 vehicles. Rent would be $1,600/month (including nets) and has over 17 years remaining on the lease (with the options). Rent will increase 3% per year. Current rent has been temporally modified to $1,400/month.
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Financials |
| Price: $129,000 |
| Gross Income: $79,788 |
| Cash Flow: $38,165 |
| FFE: $0 |
| Inventory: $1,000 |
| Real Estate Value: $0 |
| Source Data: |
About the Business |
| Listing ID: #281 |
| Year Established: 2001 |
| Financing: No Owner financing Is Available |
| Training: Owner will train |
| Facilities: |
| Competition: |
| Growth: |
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| Business Listed By |
| Name: C. J. (Charlie) Vlahos |
| Company: Blanket Real Estate |
| Phone: 203 746 7272 |
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| The information in this listing has been provided by the business seller
or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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Laundromat For Owner/Operator |
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$129,000 |
$38,165 | |
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