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38 year old Laundromat Business In Ontario
Gananoque, Ontario
Asking price $: 448,000
Sales Revenue $: 230,000        Cash Flow $: Avaiblable on request
Business Description

Own and run this Laundromat located in the scenic and serene city of Gananoque, Ontario. The business is fully developed and once you acquire it you will be open for business and start earning money right away. This business has been around for 38 years and so has created very loyal customers that have grown to trust the business and depend on it as the premier place to get their laundry done. When you buy this business you can expect a weekly turnout of customers in high volumes and so you will be making very good profit.

The Laundromat is an up to date facility with operational equipment and employees who are quite knowledgeable on the business’ operations. The business has 25 washers and 24 dryers and all necessary resources that are needed to operate the business are already in place. The business also has a security system in place that will help you to monitor the business effectively.

The building also has accommodation, there are two fully furnished apartments with facilities that have been updated in the past few months. You will have the opportunity to fully own all of this with your purchase, meaning you won’t have to be paying to lease the property. This will lessen overhead costs and put you in complete control.

This would be the perfect place to relocate and live with your family. The community is very warm and peaceful and the schools are very good if you have kids. The business is located less than two hours away from Ottawa and 2 ˝ hours away from Toronto. You will have the opportunity to access the highway 401 very easily to get into the cities if needed.

Do not miss the opportunity to make use of this well-established business to earn amazing profit in an even more amazing environment.

Detailed Information
Business equipment and facilities
The business has 25 washers and 24 dryers. The washers are a mixture of triple load, double load and top load machines. The dryers are mostly 30lb machines with a few 35lb and sing load ones. All equipment have been maintained and are in good quality. There is also a vending machine for soap, a change maker and the relevant racks and carts are available.
 
Premises
The Laundromat is located on the first floor of the building and the living facilities are upstairs. The living quarters has a 2 bedroom apartment and a 3 bedroom apartment. These apartments are fully furnished and have been recently refurbished and ready to use, offering you an additional income opportunity. The business is located on a 4000 square feet lot with a parking space that can accommodate 5 cars.
 
Business operation
The business opens its doors 7 days per week. It operates from 8 in the morning to 7 in the evenings during the week and on the weekends operations cut off at 5pm. The business usually only needs 2 employees to take care of the operations and the shifts are assigned accordingly. It can also be operated by a family.
 
Additional Information
Training will be provided to adequately prepare the new owner to handle the operations of the business. The training will also include an explanation of the financial management aspects of the business. Financing is also possible by way of a vendor take back. The maximum that would be provided is $50,000 and is only open to buyers who have been approved.
 
Business Category: Professional Serivce

Business For Sale Marketplace In Ontario

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