Business Overview:
This Laundromat is coin operated with no attendant; has an automatic open and close door system and lights (automatic shut off), with a security system. The income is around $50,000 + real estate income is $40,000. The operating expenses are: utilities $19,000; insurance $4,500; taxes $6,500; miscellaneous expenses $3,000. Net before mortgage payment is approximately $60,000. The apartments are modern, each having propane gas heating systems with their own hot water tank.
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:
FF&E of $100,000 and Real Estate of $450,000 is included in the asking price.
Equipment: 7 double stack Speed Queen dryers (14 pockets), 3 commercial Speed Queen Washes 40#, 3 Commercial Speed Queen washers 60#, 9 commercial Speed Queen washers 20#, Hamilton bill changer, 6 row soap vending machine, 3 folding tables, 3 storage tanks/50 gallons each, 2 stainless steel hot water tanks 230 gallons propane tanks, Evo 99 efficiency boiler, 8000 btu, 100 gallon hot water tank.
Market Competition and Expansion:
Competition: No competition in the area.
Growth/Expansion: During the summer months, there are many campgrounds in the area that use this laundromat.
Reason for Selling:
Has another property/business he runs.
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.
Resources: