Business for Sale Overview:
9,000 square feet site, 2,000 square feet. Laundromat plus 5 rental units, Building appraises $700,000 rental income $67,8000 ($46,000 cash flow) after Expenses & Taxes. Equipment 2 years old, Maytag 3yr warranty left 9 DBL Stacked dryers (18) washers 10(18lbs) 7(30lbs) 4(50lbs) Complete Monitoring system 8 cameras in building. Bill to Bill card system, 2 TV’s, 5 scales plus all equipment. Building is 3 floors, completely rebuild 4years ago has 1 apartment 1st floor 900 rent 2nd floor (2)1,000 plus 1,250, 3rd floor 1,000 plus 1,500 rent all tenants responsible for heat, hot water, electricity, and gas. Last rental increase 2 years ago approved for state section 8 all expenses all apartments contain own heat box , boilers wall hung 12,000 taxes. Building in excellent shape has wide alley in back DVR security system around perimeters of building and through hallways. Wash plus Fold only 5% of business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
Competition
Two other Laundromats in area all the same size. This has newest equipment and less expensive prices.
Expansion
No advertising/no promotion doesn’t even promote wash and fold although he has attendants to tend to this task.
Reason for Selling:
Absentee owner in development has to sell off assessment
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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