B7205 - VR LONDON'S EXECUTIVE SUMMARY
THE COMPANY: This business has a high percentage of repeat customers who reside in the area and in adjacent rural/urban areas. The neighbourhood is dense residential with a number of apartment buildings and townhouses. The Laundromat is the first encountered when travelling into the city on two major routes, resulting in customers from the rural areas using the facility. Ample parking ads to the convenience of using the facility. The Laundromat is well maintained and clean. The coin mechanisms on all of the washers are being updated to 8 coin slots. There is a significant inventory of replacement parts including an almost complete coin changer. The owner has compiled a procedures manual which will be of significant value to a new owner.
WHAT IS FOR SALE: The vendor is offering all of the Shares of the busines for sale. This would include equipment, inventory, the use of the name, licences, approvals lease, leasehold improvements and the on-going business. The sale includes but is not limited to the following:
Equipment $ 42,291
Inventory 350
FINANCIAL SUMMARY: The business has been stable for several years. Financial statements are available.
DISCRETIONARY CASH is the amount of money that is generated by a business and is available to the owner to spend at his own "Discretion." It includes owners' wages, any profit the business makes, non-cash expenses (depreciation, etc.), one time or unusual expenses, an owner's personal benefits (personal car expenses, etc.), interest expense on money borrowed for capital additions or for the purchase of the business or any other nonessential expenses.
AVERAGE OVER 3 YEARS $34,949
 | Telephone: (519) 673-3197 • Fax: (519) 673-3199 |
 | Email: vrlondon@rogers.com |  |