High ROI Laundromat & Apartments

Not Disclosed, MO
Cole County

Cole County


Asking Price: Annual Revenue:
$699,000 $135,980

Services: Cleaning


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RE: High ROI Laundromat & Apartments Broker: Laura Ruether

Quick Facts

Asking Price: $699,000
Annual Revenue: $135,980
Net Profit: Not Disclosed
Cash Flow: $105,208
Total Debt: Not Disclosed
FF&E: $170,000
Real Estate: Not Disclosed
Year Established: 1920
Employees: Not Disclosed
BBN Listing #: 228749306
Broker Reference #: 04341-444341

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Business Overview:

Turn-key Laundromat and apartment building with additional space for retail in the heart of the state’s capital city – Jefferson City, Missouri. Revenue sources include: 7 fully rented apartments with separate electric meters, Laundromat with all new Speed Queen equipment, vending & ATM revenue, additional space for growth or retail, plus an unfinished basement and garage. With a new roof, windows, gutters, siding, electric, plumbing, and more; this building should be set to rake in the money for years to come. Seller relocating next year for business, so his loss is your gain!
(Note: for 140K down, the remaining note would be 4005/mo which leaves a profit of $56,500/yr and gives the buyer a 41% Return On Investment!)

CC, coin, or phone payment App onsite for customers. Free Wifi, Big Screen TV, & security system 24/7.

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Property Features and Assets:

approx. 6900 sq. ft of space on just under 1 acres of land. 7 fully rented apartments, laundromat, unfinished basement, garage. The property is located at the east end of the city’s central business district, approximately six blocks east of the State Capitol building in a residential area. Residential units in the immediate area are primarily a mix of older single-family homes and older apartment buildings. Most of the units are leased with relatively few units being owner-occupied. The building was built in approx. 1920 and has been various apartments/retail over the years but recently was renovated as a laundromat.

Market Competition and Expansion:

There is currently 500-600 square feet of space that could be used for retail, a custom wash/dry/fold business, mini-mart, salon, etc. Also, the basement is currently unused and could be used as paid tenant storage space or for dry cleaning expansion. There is also an unrented garage. Lastly, as each apartment interior is renovated, rental income will increase. Google shows six Dry Cleaners in the city that offer professional laundry services also but no self-service. One other self-serv. laundromats is shown approx. 3 miles away.

Reason for Selling:

Relocation

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.

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