Owner Financing is Available!
Business Overview:
This laundromat is located in a strip mall in a residential neighborhood that has 30,000 plus households within 1.5 miles of the store. The base rent is $1.81 per square feet, and the lease is good up to March 2025 with two five year options. The owner has three coin-operated laundry shops, and his income statements are combined, but the water, electricity, gas and rent expenses are available for a buyer to examine.
Business includes 37 washers, 19 dryers, one Vend-Rite 12-column vending machine 1 year old,one Standard Change makers Bill Acceptor; inner bill acceptor and bill stacker maintained by the factory and current as of 2011 and Tankless Water System Installed in May 2009.
The seller is motivated and ready to finance up to 25% of sales price for a qualified buyer.
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:
Laundromat is 1,682 square feet. The base rent is $3,054, and the lease is good up to March 2025 with two five year options.
Reason for Selling:
To focus on the San Francisco market
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.
Resources: