Owner Financing is Available!
Business Overview:
10 year old Laundromat with property for sale at corner location. 10 year old 29 washers and 29 dryers at perfect working condition. Business hour: 7 am to 9 pm/7 days. 2,000 sq. ft. hall with full size basement. Average weekly sale: $2,850. Coin: $2,000. Wash and fold service : $850. Average annual sale: $148,200. Annual Net Operating Income: $28,400. Property is also available for sale. Whole property was renovated in and out in 2009. Size of land: 70’ x 130’ 9,100 sq.ft. Building: 50’ x 40’x (3 floors) 6,000 sq. ftt. RE Tax: $18,000. Parking: 12 cars. Rental Revenue (Fully occupied). Ground floor (Laundry): $3,300; 2nd floor (1 bedroom x 1= $900, 2 bedroom x 1= $1,100); 3rd floor
(2 bedroom x 2 = $2,200). Total Monthly Rental Income: $7,500.
Asking Price of Property: $745,000. Asking Price of Business and Property: $874,000. Owner financing is available for approved credit. For mutual convenience and efficiencies, no phone calls will be answered to discuss about the listing. You are positively recommended to email/fax broker the attached BCA first, then broker will email you the fact sheet of the 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.
Property Features and Assets:
Gut renovated free standing building at corner of heavily condensed residential area with ample parking.
Market Competition and Expansion:
Under 100% absentee ownership operation.
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: