Laundromat / Toledo Ohio

Reference Code 0685

This is a great opportunity to own a well-established Coin Laundromat in Toledo, Ohio! Established in 2000, this 3,500 sq. ft. Laundromat is located on a highly traveled road near plenty of residential homes, commercial businesses and over 10,000 apartments within a 3-mile radius. This Laundromat used to do over $360,000 when the owner was involved and has the potential to gross over $400,000 annually with an involved owner/operator. Current owner is not involved in the day-to-day operations and is being run absentee! All equipment is in excellent condition and maintained regularly! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding a website, arcade games, vending machines, retail items, dry clean drop-off, weekly specials, commercial accounts and expand the hours, you have HUGE potential to make a nice, solid income. A must see/must have business that WILL-NOT last long on the market! Don’t miss out on this great opportunity!! Turn-key operation only needing a new owner/operator! Seller will entertain all reasonable offers!

Business Location Toledo, Ohio, MI
Gross Sales $240,000 Cash Flow TBD Business Price $325,000 Down Payment $125,000 Monthly Payment $1,911.30 Interest Rate / Amortization 8% int., amortized over 180 months, balloon due in 60 months License Required Sales, Boiler Inventory Value $500 Employees Part Time 3 Date Established 2000 Hours of Operation 7 days / 8am-9pm Rent $2,300 Gross Lease Period New Lease Required Reason for Sale Absentee Owner Lives Out of State


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