Business for Sale Overview:
This 24 x 7 unattended coin laundry is very well equipped with 26 Speed Queen washers; 26 (13 double stacked) Speed Queen dryers; 10 folding tables; camera surveillance system; alarm system and much more. Everything was installed new in 2003. Nothing is over 5 years old! This is truly a turn-key business that includes state of the art equipment, fully air conditioned facilities, a great long-term lease, and enormous upside potential through adding numerous services such as a dry-clean drop store, wash & fold, and other automated vending machines.
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.
Property Features and Assets:
The facility is approximately 3,050 square feet, located in a strip mall, anchored by major retail stores and a bank. The area is heavily residential with a non-transient, stable population base to support the store.There are approximately 15 years remaining on the lease + options. The initial lease is a 10-year (5 years left) with 2 renewal options of 5 years each @ 3% annual increase. The company utilizes over $220,000 (at cost) in equipment assets. Equipment was purchased new in 2003 and has been very well maintained. FF&E: $140,000 (Included in Asking Price).
Market Competition and Expansion:
The lease specifically permits additional services that are not offered today, such as drop-off dry cleaning (no on-premise processing), wash & fold service, and other coin-vended items such as snacks, gum, ice cream, and video games.
Additional Details:
- The property is leased.
- The owner is not 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.