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Phoenix, Maricopa County, Arizona
30+ Year PHX Laundromat w/Low Rent, Growth Potential
Asking Price
$265,000
Revenue
Call/Email
Down
$190,000
Cash Flow
Call/Email
Name: Philip Handke
Name
Philip Handke
Description
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
https://tworld.com/locations/Arizona/phoenix/listings/30-Year-PHX-Laundromat-w-Low-Rent-Growth-Potential
Business Details
Year Established:
1995
Employees:
0
FE&E:
$55,000
Reason for sale:
Retirement
Lease & Tenant Information
Lease Options:
$981
Other Information
Listing Number:
21997-449349
Sales:
$119,882
Seller's Discretionary Earnings:
$66,065
Posting Information
Posting ID:
ID tw:88428 / Listing Number 21997-449349
Business Category:
Cleaning/Clothing
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
30+ Year PHX Laundromat w/Low Rent, Growth Potential
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*88428
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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