The Laundry Room

Business Opportunity for Sale
Catylist Listing ID: 30569098
Property Subtypes: Business Services
Building Size (RSF): 2,400 SF
Sale Price: $215,000
In Opportunity Zone? Yes
Name of Establishment: The Laundry Room
Year Business Established: 2007
Gross Revenue: $175,000 (Annual)
Cash Flow: $50,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller
Last Updated: 6/29/2020

Overview / Comments

Well-equipped commercial laundry facility in a very successful shopping center (Chapman Square) in south Knoxville.

Additional Details

Nearest MSA: Knoxville
County: Knox
Industry Segment: Commercial Laundry
Reason for Selling: Owner has other business interests and does not have time to run this business.
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $110,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Approximately 2,400 SF at $2,500.00 per month, plus monthly CAM charge of $893.00 per month.
Employee/Labor Description: One part time employee works from opening at about 7:00 AM until 12:00 PM.
Mgmt/Training Support Description: Owner will train new owner for 15 days after closing of the sale.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,103 52,909 121,954
Median Age: 33.97 31.14 34.83
Households: 4,119 20,759 50,750

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