Well Established Unattended Coin Laundromat For Sale

Description

Business type: unattended laundromat

Location: Dundas Street and Erin Mills Parkway, Mississauga, Ontario

Current status: established operating business

Operating setup: turnkey

Operating model: unattended

Financial information

Annual sales: $125,000 to $135,000

Seller discretionary income: $50,000 to $60,000

Cash flow: positive

Equipment

Dexter washers: 16

Dexter dryers: 10

Payment system: hybrid card and coin system

Machines with card readers: approximately half

Operations

Staffing requirement: unattended operation

Coin handling requirement: reduced through card payment capability

Equipment maintenance requirements: stated as low

Location

Property setting: busy commercial plaza

Surrounding density: stated as high

Customer traffic: stated as strong

Customer base: established

Lease

Lease term remaining: 5 years

Renewal option: 5 years

Potential buyers

• Owner-operators
• Laundromat operators
• Passive-income investors
• Buyers seeking supplementary income

Further information

Buyer enquiries: serious inquiries only