Business for Sale Overview:
Long time neighborhood Laundromat that needs a paint job and some promotion. Being sold with the real estate. Revenues for November were $7400.00 and Net Income $3075.00; YTD sales at $87,000 and YTD net income of $25,000
The real estate consists of 2 buildings. The first building is where the laundromat resides. The 2nd building is a 2-story structure with a retail store on the first floor and a rented apartment on the 2nd floor. There is a 2nd space on the first floor that could be leased out to a retail store. Total purchase price for real estate only is $299,000.
The Laundromat is fully attended and offers wash, dry & fold. Great candidate for dry cleaning drop store. Also an opportunity to start up a 2nd business venture at the store. 2008 Net Income was $13,638.
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 real estate consists of 2 buildings. The first building is where the laundromat resides. The 2nd building is a 2-story structure with a retail store on the first floor and a rented apartment on the 2nd floor. There is a 2nd space on the first floor that could be leased out to a retail store. Total purchase price for real estate only is $299,000.
Market Competition and Expansion:
There are other Laundromats in the area. With some TLC and fresh paint this well known Laundromat can be a great income producer for you.
Reason for Selling:
Other Real Estate Interests
Additional Details:
- The property is owned.
- 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.