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Asking Price$1,499,000
Revenue$1,296,532 Established2004
Cash Flow$254,325 Employees3 full, 7 part
FF&E$210,000* FranchiseNo
Inventory$80,000* RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This well established business has been in operation for over 40 years. The current owners took over the company 10 years ago. They started as a simple coin laundry operation and expanded by purchasing industrial machines to meet a growing need in the oilfield and hotel industries. This very efficient and diversified business is attractive to many entrepreneurs. The facility is divided into areas featuring a tanning salon, coin laundry area for the general public, and a sales area for new coveralls and gloves.  The business also has an industrial machine area where oilfield workers and companies can drop off coveralls for cleaning and servicing, as well as receive laundry from nearby hotels. The property is in a great location on main street with plenty of customer parking. This coin-operated laundry and commercial facility service is dedicated to consistently providing high customer satisfaction by rendering reliable machines and furnishing a clean, enjoyable and safe atmosphere at competitive prices. With renovations completed to the property in the last five years, including new machines, it is a very attractive venue to meet client needs. As this is the only laundromat in the area, they have very little competition. Owing a coin laundry can be a very lucrative business as clients provide most of the labor. Clients are appreciative of the well-maintained equipment, pick-up and delivery services, and extended hours this company offers.
Facilities:4500 sq ft lease strip mall
Competition:This business enjoys exclusivity in the area as there are no other laundromats. This company offers many services to the residents in the area as well as the local hotels and oilfield companies, such as pick up and delivery service, drop off and fold service, repairs/embroidery to coveralls, and the tanning salon.
Growth Potential:The company can continue to grow the business by adding on to its services, such as increasing their sales area to include speciality clothing for oilfield workers, they can also increase their tanning salon area to accommodate more tanning beds.
Sale Reason:Retirement and exit from the business
Ad #64161
Seller Reference #ULT 06142014
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Contact This Seller
Neil Gerritsen
Alberta Business Sales Inc
780 495 9295
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