Marion County Laundromat with Tanning Salon for sale

Financial Information

  • Asking Price: $320,000
  • Gross Revenue: $317,883
  • Cash Flow: $86,282
  • Down Payment: ON REQUEST
  • FF&E (Not Included): ON REQUEST
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Marion
  • Marion County
  • Indiana
Primary Business Category:

This Marion County laundromat with tanning salon is in a great area. And, like they say in real estate: it's all about location. Within one mile, the local population is 18,097. This grows to close to 198,000 at five miles. Renters make up over 40%. In fact, there are about 20 apartment complexes as well as mobile home communities nearby. Thanks to its position in a large strip mall, it has great visibility. The laundromat faces a high traffic road. In fact, the part of road that passes it has a daily vehicle count of around 48,000. Since it's in an end unit, there is ample parking. The mall's anchor tenants draw walk-in traffic. The Marion County laundromat is in excellent condition. It is very clean and has good lighting, too. All machines are in good condition. The laundromat has the following: * 47 Washers * 42 Dryers * Change Machines * Folding Tables * Laundry Carts * Vending Machines for Soap and Bags TVs and video games keep customers entertained. (WIFI?). Likewise, if someone is hungry, there are vending machines for snacks, soda, and ice cream. This Marion County laundromat also offers tanning. As part of the laundromat, the is very clean, too. The salon has 12 tanning beds, 2 stand up beds, and 1 spray tan. A dedicated staff runs the Marion County laundromat with tanning salon. Known for their friendliness, they are willing to go the extra mile to help their customers. Manning a common counter, they handle the dry cleaning and wash and fold services as well as selling tanning products. There are ample growth opportunities for a new owner. These include: * Creating a strong online presence * Having a dedicated website * Implementing a multi-format marketing campaign * Adding new technologies (i.e. hybrid card and coin payment systems, touch screens machines, etc.) * Upgrading the tanning beds With this Marion County laundromat with tanning salon, a new owner will easily capitalize on any investment as well as make money from day one.

Support / Training Comments

Seller will negotiate a transition period

Reason For Sale
Sale is part of a long term exit strategy put in place in 2017
  • Home Based: No
  • Year Established: 1999
  • Franchise: No
  • Year Acquired: 2009
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business, Health

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday-Sunday
  • Hours Open: 8:00am - 9:00pm
  • Fulltime Employees: 1
  • Part time Employees: 2
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 5,100 sq ft
  • Monthly Rent: $3,825
  • Lease Expires: 09/30/2022

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