Aldrin Raphael FernandesVerified
ProClient Realty Inc.
ProClient Realty Inc.
Mississauga, ON
28 listings213 sold
20 Year Old Laundromat
Sold
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Listing details
Sold As listed until it sold, kept for reference.
Revenue (TTM)Revenue (TTM)Total sales over the last twelve months, before any costs or expenses are taken out. It is not profit. Glossary entry
$130K CAD
Cash flow (SDE)Cash flow (SDE)Seller’s Discretionary Earnings: the profit of an owner-operated business before the owner’s pay and benefits, one-time costs and non-cash expenses. It shows what a working owner could take from the business. Glossary entry
Not disclosed
Figures as reported by the seller. What is SDE?
Highlights
- Established in 2002
About this business
As the seller described it while it was for sale.
In operation for 20 years this long standing laundromat is in a prime location on the main road between two major intersections. Good frontage with ample parking and surrounded by Tim Hortons, schools, restaurants, residential, and commercial. Offering services such as self serve, wash and fold with pick up and delivery services. New development townhomes and condominiums 2km away bring more people which equals to more business. Customer service, clean facility, and good communication are key to client satisfaction. Month to month agreements and an annual agreement with the local municipality. Plenty of growth opportunities by adding more machines or upgrading to a larger space. Seller willing to train to ensure a smooth transition. Don't miss out on this greatopportunity!
The owner answers
As the owner answered while it was for sale.
- Why are you selling?
- Personal.
Business details
| Detail | Information |
|---|---|
| Company name | 20 Year Old Laundromat |
| Business model | Traditional |
| Legal body | Incorporated |
| Established in | 2002 |
| Financing availableCSBFPThe Canada Small Business Financing Program. A federal program that helps lenders offer loans to small businesses by sharing part of their risk. What it can pay for is set by the program, so ask your lender. | No |
| Reference # | 3426 |
| % of business selling | 100% |
Premises
| Detail | Information |
|---|---|
| Property | Land and building not included in the sale |
Buyer requirements
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
Location
ON, Canada
Listed by
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