Lakeland Coin Laundry with Land Building+ Income

Lakeland, FL
Polk County


Asking Price: Annual Revenue:
$384,000 $102,400

Services: Dry Cleaning & Laundry


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RE: Lakeland Coin Laundry with Land Building+ Income Broker: Doug Dickerson
Owner Financing is Available!
Loan/Seller- Amt: $139,000 Mos: 84 Rate: 7.00 Mo Pmt: $2,097.88

Quick Facts

Asking Price: $384,000
Annual Revenue: $102,400
Net Profit: Not Disclosed
Cash Flow: $56,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: $264,000
Year Established: 1990
Employees: 2
BBN Listing #: 300630
Broker Reference #: 2301636661

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Business Overview:

SELLER FINANCING with $225K down - Land & building included. Get the entire package on this coin laundry with wash dry & fold that includes three rental suites (2 - $600.00 per month 450 sq ft and 1 - 390 Sq ft. - that is current empty. The new owner can rent it out for $500 per month as well). This will bring in steady monthly income to cover the cost of the land and building. In business for over thirty years! Seller rented for twenty and then purchased the strip center in 2010. 20 WASCOMAT washers (8-9 years old) and 20 DEXTER dryers (4-5 years old), all stainless steel and in great condition! Includes 4 - 40 lb WASCOMAT washers for the big loads! $20,000 invested in renovations including outside stucco, inside tile flooring, crown molding, and matching baseboards...NEW ROOF installed October 2020 ($12,000 investment).....Work this business or be an absentee owner..it's your choice! Please refer to listing # 2301636661 and ask for DOUG DICKERSON when inquiring. Thank you!

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Property Features and Assets:

Building Type: Strip center with Square Footage: 2,608.

Reason for Selling:

Retirement

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.

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