Business For Sale

(LEE) Coin-Op Laundromat with Income Property

Strafford County, NH
Strafford County


Asking Price: Annual Revenue:
$460,000 $90,000

Services: Dry Cleaning & Laundry


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RE: (LEE) Coin-Op Laundromat with Income Property Broker: Ming Dong

Quick Facts

Asking Price: $460,000
Annual Revenue: $90,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 742031418
Broker Reference #: ole

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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.

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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.

Documents:

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