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 Buy a Canadian company Listing # 62620004
 
 Business  For  Sale 
 Buy a Canadian company

Laundromat For Sale - Excellent investment property

$119,000.00 (Cdn)

Laundromat For Sale - Excellent investment property
 
Business Location: Northern Ontario
Postal Code: P0R
Relocatable: No
 
Business Categories:
Clothing & Textiles
Real Estate & Rental Buildings
 
BUSINESS   FEATURES
Commercial laundromat for sale. Includes real estate with adjacent lot.

Ideally located beside an RV park with another up the road. It has been in
continuous operation for more than 30 years just east of Sault Ste. Marie

Building is fully automated to open and lock itself at the correct times. No need to show up every day. Mostly new equipment. Contracted cleaning lady cleans up the laundromat. Current owner is absentee, but it runs itself.

New roof in 2012 and new entry door in 2016 Many new machines within last 12 months. Always profitable.


FINANCIAL  INFORMATION
Business has been profitable for more than 30 years. Price increases could be passed through as there is no immediate competition in town improving margins. Dryer prices were doubled in 2014.

MARKET  &  COMPETITION
Small town Northern Ontario. Tourism and cottage destination. There is not another laundromat within 20kms of our location. This is the biggest laundromat within an hour's drive.

INCLUDED, EXCLUDED & OPTIONAL
  -  INCLUDED  in  the  Price  -  

  • Real estate is included. Building and adjacent lot included.
  • 16 Commercial Washing Machines. ( 3 still under warranty)
  • 12 Commercial Dryers (10 under warranty still)
  • Vend-Rite Soap Vending Machine
  • All vending inventory
  • Parts inventory
  • 30-day training if desired

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For further information - Contact the Owner:

 

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