Listing ID: ULT 06142014

Location: Confidential – Edmonton Area (within 1 hour)

Broker: Neil Gerritsen
(Contact Mr. Gerritsen)

Inquiries: 780-919-1107

About This Business

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.

Why This Business

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.

Documents Available For Review 

Business Sales Memorandum, Financial Statements, Equipment List.

Business Premises and Location

Are the premises owned by the Vendor? No.
Are the premises part of this sale? No.
What is the cost of the lease? $13. p/sq. ft. based on 4,500. Sq. ft.

ULT06142014-Thumbnails

Operational Summary

Snapshot

Annual Revenue: $1,296,532 (3 yr avg.)
Discretionary Earnings: $254,325 (3yr avg.)
Employees: 3 F/T & 7P/T
Years Established: 10 years
Are current owners the founders? No

Assets

  • Total Assets – $210,000 (included)

  • Inventory – $80,000 (included)

  • Owner Support/Training – Negotiable

  • Reason For Sale – Owners wish to retire.

Terms

  • Asking Price – $1,499,000

  • Seller Financing – Negotiable

  • Is this a franchise Business? – No

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One thought on “Commercial and Domestic Laundromat

  1. jay

    Hi, there!
    my name is jay choi, owner of the business ‘ The laundry’ in edmonton.

    I want to take some more details.
    Thanks.

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